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.
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.
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.
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 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'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.
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.
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.
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.
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.
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.