Browsing:UK

UK moves to regulate crypto staking and stablecoins
1 week ago 2 mins read

UK moves to regulate crypto staking and stablecoins, aiming to boost its global finance hub status

The UK is preparing to implement significant regulations regarding crypto staking and stablecoins as part of its ambitious goal to establish itself as a global leader in the crypto industry. During the Financial Times Crypto and Digital Asset Summit, Economic Secretary Bim Afolami emphasized the need of implementing these regulations. Afolami is certain that the government has the ability to enact legislation on crypto staking and stablecoin, which are of utmost importance in the next weeks and months. Despite recent electoral blows to the Labour Party, the Conservative Party remains steadfast in its commitment to regulating Bitcoin. As the general

A number of policies in the UK have enhanced the capacity of law enforcement to tackle cryptocurrency-related offenses.
3 weeks ago 1 min read

The UK law now lets police seize and destroy illegal crypto without prior arrests

A number of policies in the UK have enhanced the capacity of law enforcement to tackle cryptocurrency-related offenses. In the absence of arrests, these regulations permit the confiscation, immobilization, and annihilation of unlawfully acquired cryptocurrencies. This project aims to address the increasing utilization of digital currency by organized crime groups for money laundering. Organized crime is progressively utilizing digital currencies for money laundering. In 2021, the NCA documented a £1.2 billion surge in illicit transactions. This concerning pattern necessitates more stringent controls. New legislation permits authorities to confiscate bitcoins without making any arrests. The crime bill enacted last year eased