Law Commission for England and Wales proposes reforms for digital assets
The U.K. Law Commission called for cryptocurrencies and digital assets to be classed as “data objects” in new reforms aimed at fostering growth and legal protection.
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Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to…
United Kingdom Will Not Require KYC for Unhosted Wallets
The U.K. Treasury has decided to rescind its requirement for crypto companies to compile the personal information of self-custodied wallet users, citing privacy concerns. Unhosted Wallets for Legitimate Purposes The...
Goldman Sachs and Barclays invest in UK crypto trading platform Elwood
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater…
UK Court recognizes NFTs as ‘private property’ — What now?
Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud.
Markets React to Bank of England Warnings
Today, the British pound fell in value as the Bank of England increased interest rates and warned of inflation. The drop took place amid a broader decline in stocks and...
Google Trends Study Shows SHIB Is the Most Popular Crypto in the UK
22 days ago, Bitcoin.com News wrote about a Coin Insider trends study that combed through Google Trends data in the United States. According to the report, dogecoin was the most…
Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto
The regulator says it’s “committed to keeping pace” with the risks of “the growth of crypto assets”, upping its budget by $31 million in preparation.
Bank of England Says Crypto Assets ‘Present Financial Stability Risks,’ Bank Begins Sketching Regulatory Framework
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on…
UK financial watchdog seeks crypto talent amid new crackdown
The FCA is planning to collect applications for its new role as head of the department of digital assets by early April.