UK

Bermuda’s Crypto Ecosystem Grows, Regulation To Follow

4 months ago kakp2 Comments Off on Bermuda’s Crypto Ecosystem Grows, Regulation To Follow
Many decisions have had to be made regarding cryptos in the past few months as governments meet to discuss policy on whether they will accept or ban cryptos. Some bigger nations decided to stall when it comes to bringing regulation to tame the crypto market, but Bermuda is not one of them. This self-governing island Read More

World’s 4th Largest Crypto Exchange Huobi Expands To London As ‘Entry Point’ To EU Market

4 months ago kakp2 Comments Off on World’s 4th Largest Crypto Exchange Huobi Expands To London As ‘Entry Point’ To EU Market
Beijing-born crypto exchange Huobi has announced that it is planning to open an office in London, as it continues its expansion overseas, Finance Magnates reported April 18. Explaining he vice president of Huobi Group, Peng Hu, told reporters: “Not Malta, not Switzerland. Absolutely London, more precisely Britain, is the entry point for the European market Read More

Hong Kong Securities Regulator Says Raising Capital Is Job For VCs, Not ICOs

4 months ago kakp2 Comments Off on Hong Kong Securities Regulator Says Raising Capital Is Job For VCs, Not ICOs
The head of the Hong Kong Securities and Futures Commission (Hong Kong SFC) said during a speech on April 13 on “New Technologies and Asset Management” that the type of fundraising conducted through Initial Coin Offerings (ICO) is better suited to venture capital funds. Julia Leung, who is also the chair of the 2016 established Read More

UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats

4 months ago kakp2 Comments Off on UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats
On April 10, the UK National Cyber Security Centre (NCSC) released a report analyzing how nefarious cyber activity influenced the business environment in Great Britain over the past year. The report dedicates a section to cryptojacking, a form of cyber attack in which a hacker utilizes an individual’s computer, without the owner’s knowledge, to mine Read More

Is The UK Positioning Itself For Global Fintech Leadership?

4 months ago kakp2 Comments Off on Is The UK Positioning Itself For Global Fintech Leadership?
by David Drake The UK has recently been making strides in the cryptocurrency market. Earlier in the year, the UK treasury committee launched an inquiry into cryptocurrencies to determine how they would impact businesses and investors. In another significant move, the UK government developed its Fintech Sector Strategy (FSS) that factors crypto-assets and launched it Read More

Bank of England To Test Blockchain Features For New Payment System

5 months ago kakp2 Comments Off on Bank of England To Test Blockchain Features For New Payment System
The Bank of England is undertaking a proof-of-concept (PoC) to understand how the renewed Real Time Gross Settlement (RTGS) service could be capable of interacting with Distributed Ledger Technology (DLT), according to the bank’s statement on March 27. Real Time Gross Settlement systems are special payment systems where the transfer of funds is conducted between Read More

UK Secretary Diane Abbott: If Everyone Used Bitcoin ‘The Whole Thing Would Collapse’

6 months ago kakp2 Comments Off on UK Secretary Diane Abbott: If Everyone Used Bitcoin ‘The Whole Thing Would Collapse’
Diane Abbott, the United Kingdom’s sitting Shadow Home Secretary, said in an interview with The House magazine that Bitcoin “is just a gigantic Ponzi scheme,” and promised that the Labour party, of which she is a member, would regulate it if elected, Express news site reports Friday, March 2. Speaking to The House, Abbott said Read More

South Korean Cryptocurrency Exchanges Evaluate Self-Regulations

6 months ago kakp2 Comments Off on South Korean Cryptocurrency Exchanges Evaluate Self-Regulations
An association of South Korean cryptocurrency exchanges said that it is planning to check if its members are following a set of self-regulatory cryptocurrency measures adopted last year, local journal Yonhap News reported Feb. 21. The Korean Blockchain Industry Association, which is currently comprised of 33 of South Korea’s cryptocurrency exchanges, stated that it is Read More

Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin

8 months ago adcity Comments Off on Chinese Whale Buys Fleet of F1 Cars Worth £4 Million with Litecoin
Services Browsing social media, one could be forgiven for thinking that the bitcoin community is all about Lambos. One cryptocurrency user is proving that their interests are more diverse, however, by buying a whole fleet of F1 supercars. Also Read: Parity Calls for Ethereum Hard Fork to Reverse $230 Million Bug Used F1 For Sale, Read More

UK Ministry of Treasury Plans to Regulate Bitcoin

8 months ago adcity Comments Off on UK Ministry of Treasury Plans to Regulate Bitcoin
News Regional reporting insists Her Majesty’s Treasury (Treasury) of the United Kingdom (UK) is “launching a crackdown on the virtual currency Bitcoin amid growing concern it is being used to launder money and dodge tax.” Bitcoin enthusiasts, however, understand that the world’s most popular cryptocurrency’s continual all-time-high price records, rather than terror or tax avoidance, are drawing Read More