New UK rules on digital asset promotions come into force this week
Under the new rules that came into force on October 8, it is a criminal offense for unlicensed digital asset firms to market digital asset products to anyone in the United Kingdom.
Latest United Kingdom News
Craig Wright appoints leading law firm as new UK counsel
Dr. Craig Wright has appointed market leading tech law firm Shoosmiths to take over all of his U.K. cases as he gears up for a packed legal calendar, signalling one, single-minded focus: victory in January’s joint identity trial.
UK plans to launch Digital Securities Sandbox in 2024
Helen Boyd, head of the Financial Conduct Authority, said the new sandbox pilot would explore tokenized instruments, acting more as an infrastructure sandbox in contrast to its current status.
Calendars at the ready – London Blockchain Conference gears up for a stellar 2024 return
Following a successful run earlier this year, LBC will return in May 2024, with tech experts and enthusiasts expected to gather for a meaningful discussion on emerging technologies.
Chase UK digital bank to block cryptocurrency purchases
Chase UK will decline any payment it thinks is related to digital assets starting October 16 to protect consumers, the bank said in an email to its clients.
NASA plans to send data to the moon, and it involves blockchain technology
NASA's plan to send data to the Moon is part of an effort to protect humanity's most important discoveries and creations from catastrophic loss.
Bybit to suspend services in the UK after FCA drops new rules
As the Financial Conduct Authority mandates new stricter rules, Bybit decided to pause their operations in the U.K. to focus its efforts to best meet the regulations of the government in the future.
UK FCA warns digital asset firms over poor engagement with new rules
The Financial Conduct Authority has issued final warning to unregistered digital asset firms for their low engagement to financial promotions regime and illegal marketing to U.K. consumers.
UK anti-trust regulator pushes against AI monopoly by industry players
Competition and Markets Authority, the U.K.'s anti-trust regulator, calls for AI guardrails to prevent monopolies as it leads efforts to regulate the AI industry before a global AI summit.
House of Lords passes bill to empower authorities to seize digital assets
The new legislation amends several acts to, among other things, insert digital asset-related definitions and mechanisms to extend existing powers to the digital asset context.
Bybit CEO refutes exit rumors: ‘Leaving the UK isn’t part of our strategy’
A report quoted CEO Ben Zhou saying that due to the new FCA rules, Bybit would exit the U.K., but the exchange now says it’s committed to staying.
Cøbra appeal denied in victory for open justice
Cøbra had been successfully sued by Dr. Craig Wright for violating the latter’s copyright in the Bitcoin white paper as its author; the only matter left to decide was how much of Dr. Wright’s legal costs must be paid by Cøbra as the losing party.