The British government plans to introduce legislation to regulate stablecoins and crypto staking. This move comes as President-elect Donald Trump lays out his plans to make the United States a global crypto hub, creating fresh competition for the UK to retain and attract digital asset businesses. Stablecoin and Staking Legislation According to a Bloomberg report,…
A UK pension Bitcoin allocation made waves this October. An unnamed pension fund worked with Cartwright Benefit Consultants Ltd. to invest 3% in Bitcoin. The move came after careful training and detailed checks. It shows how pension funds now see cryptocurrency as a smart way to spread their investments across different assets. Could this be…
British pension firm Cartwright has advised the allocation of 3% BTC to an unnamed pension fund, which has invested directly in the asset rather than via an exchange-traded fund. The company is now urging institutional investors to allocate assets into Bitcoin, according to a Nov. 4 report from industry magazine Corporate Advisor. As a percentage,…
A 16-year-old boy from East London is facing multiple terrorism charges for allegedly attempting to raise cryptocurrency for Al Qaeda. Prosecutors claim that the teenager offered his skills in digital currency and cybersecurity to aid the terrorist organization. Suspect Pleads Not Guilty to Charges The teenager, who cannot be named due to his age, has…
A man is suing Newport Council for nearly 500 million pounds to recover 8,000 Bitcoin (BTC), which he claims he lost due to a mix-up that led to his hard drive being disposed of at a recycling center in 2013. James Howells has filed the lawsuit as a “last resort” after more than ten years…
The DSS was launched on September 30 by the Bank of England and the FCA. This project will further establish the United Kingdom as a leading financial hub. In order to investigate potential applications of digital ledger technology (DLT) in the notary, maintenance, and settlement processes of financial securities, the UK’s financial regulator and the…
The UK introduced a bill to legally recognize digital assets like cryptocurrencies and NFTs as personal property. This bill creates a new category of property beyond the traditional two classifications in English and Welsh law. The United Kingdom has taken a significant step in modernizing its legal framework by introducing a bill officially recognizing digital…
The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently routed through banks in the United Kingdom, Hong Kong, China, Mexico, and the United Arab…
On Sept. 11, the UK government introduced the “Property (Digital Assets) Bill,” which means that digital holdings, including cryptocurrency, non-fungible tokens (NFTs) such as digital art, and carbon credits, can be considered personal property under the law. “Tech-savvy owners of Bitcoin and other digital assets will benefit from greater legal protection thanks to an important clarification to…
Police accuse Rahman of operating the automated tellers without the required registration. The lack of clear regulations in the digital asset industry leaves consumers vulnerable. A man from London is the first in the UK to face charges related to running an unlicensed Bitcoin ATM. After a search of a Chatham electronics store by the…