The United Kingdom is set to introduce draft legislation that will formally regulate cryptocurrency firms, marking the start of increased government oversight on one of the fastest-growing industries in the world. This puts the UK at odds with the European Union’s model while bringing it in line with the United States. The draft legislation seeks…
The UK’s Financial Conduct Authority (FCA) is considering options that may lead to a restriction preventing residents from using credit to acquire crypto assets. As reported by Financial Times on Friday, the FCA wants to restrict companies from enabling residents to purchase crypto using credit cards. This is part of a new discussion document published…
The Financial Times reported on Friday that the UK’s Financial Conduct Authority (FCA) is looking to take action that will considerably limit the ability of retail investors to purchase cryptocurrencies through borrowing. These reported decisions mark a shift in strategy by the financial watchdog to mitigate what is believed to be overly reckless activity in…
The Financial Conduct Authority (FCA) is looking to tighten the rules around cryptocurrency in the UK. A new discussion paper outlines measures aimed at mitigating risk for retail investors interacting with digital assets. Growing UK Market This comes alongside a spike in public interest in digital assets across the UK. Data from August 2024 reveals…
On Tuesday, the United Kingdom’s finance minister, Rachel Reeves, announced that the country is planning to legislate for the proper regulation of crypto-assets. In essence, Reeves’ statement indicates the first steps of the UK government towards establishing a comprehensive legal framework for the digital asset industry, other than laws dealing with anti-money laundering. The statement…
Like plummeting and soaring prices to grab the attention of retail investors, Bitcoin has become one of the heavily traded assets. Furthermore, Abraxas Capital, in partnership with a London digital fund, has marked its position in crypto trading by together spending over half a billion dollars buying Bitcoin in mere days, showcasing the strong belief…
The nearly self-imposed lockdown of British Steel’s Scunthorpe Plant has sparked an even more intricate international conflict, as the Chinese embassy in the UK has issued a blistering remark aimed at British politicians. Claiming a “twisted mindset,” Chinese diplomats have once more focused the attention upon the incessant criticism of British Steel’s Chinese parent company,…
China’s UK Footprint: Balancing Investment with Security Concerns Chinese investment in the UK has elicited fierce debate around the issues of national security, potential geopolitical influence, and the recently surfaced and growing risks of Chinese capital maligning critical UK infrastructure. The recent government intervention at the British Steel plant has only intensified the controversy as…
As new data reveals an easing in inflation, the UK economy welcomes a temporary respite from rampant price growth. The muted celebration comes, however, with a caveat that this relief might be overshadowed by a period of heightened inflation exacerbated by President Trump’s trade policies. Inflation Slows: A Momentary Glimmer of Hope The most recent…
The UK is trying to defuse the time bomb created by President Trump’s sweeping tariffs, and at the same time, looking to set up better trading deals. The trade fallout will have a significant impact on the UK’s reputation, economy, and the current international order; thus, too much is at stake. Starmer’s Stance: Defending Britain’s…
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