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The UK could soon authorize cryptocurrency as a payment method

With the unveiling of plans to allow stablecoins to become payment options in the UK, the country’s government is closer to bringing cryptocurrencies to mainstream finance. However, there is still work to be done before the plan can be realized. The Treasury announced Monday that stablecoins, a type of crypto that is tied to regular […]

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UK’s FCA extends deadline for cryptocurrency business registrations

The Financial Conduct Authority (FCA), Britain’s financial regulator, has extended the temporary registration status to some crypto-service providers past its Friday deadline. In a statement on Tuesday, the FCA said that the UK will only allow a limited number of crypto firms to continue to hold temporary registration status. The financial regulator stated that temporarily […]

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UK orders immediate removal of all unlicensed cryptocurrency ATMs

The Financial Conduct Authority (FCA), the UK’s central financial regulator, has issued a verdict regarding the presence of cryptocurrency ATMs in the country. Many in the industry were shocked to learn that the regulator issued a strong “shut down, or face further actions” order to ATM operators, outlining their intention to contact the companies to […]

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UK lawmakers don’t want cryptocurrency investments to be called investments

According to the head of the Financial Conduct Authority (FCA), the agency expects new powers to regulate crypto advertisements. The UK’s Members of Parliament (MPs) have asked the FCA to restrict the use of “invest” and the “investment” words by cryptocurrency firms for promotional purposes. According to a Thursday report in The Times, MPs on […]

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Teen scammer in the UK has $2.7 million in cryptocurrency seized by police

A teenager in the UK who set up a phony site as a feature of a “complex digital misrepresentation” has had more than £2 million ($2.7 million) of cryptocurrency seized by police. The unidentified 17-year-old used the site to trick clients of a digital gift card site into entering their details. He took £6,500 ($8,923) […]

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PayPal launches cryptocurrency support in the UK

Residents of the UK now have the ability to buy, hold and sell cryptocurrencies through PayPal. The payments platform announced last November that it would begin providing support for cryptocurrency, a move that it initiated in the US at the time. It is now expanding its support, with the UK becoming the latest market it […]

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Cryptocurrency exchange Binance banned from the UK

The Financial Conduct Authority (FCA), the UK’s financial watchdog, has told cryptocurrency exchange Binance that it needs to take a break. It had previously questioned the company’s access to the UK market, and has now formally determined that it is not permitted to be operating in the country. Binance can no longer serve British clients […]

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