UK Orders Crypto Fraudsters to Repay £851,402 to Scam Victims
Victims of a £1.5 million crypto investment fraud are closer to recovering some of their losses after a UK court ordered two convicted men to pay £851,402.27. The Financial Conduct…
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Cybercriminal Directed $2.6M Crypto Heist From Prison: Prosecutors
A cybercriminal and organized crime boss masterminded a plot to steal over $2.6 million in cryptocurrency while incarcerated at Edinburgh’s Saughton prison, prosecutors said this week. Plotting Behind Bars A…
British Banking Lobby UK Finance Expels Coinbase
British trade association UK Finance expelled U.S. crypto exchange giant Coinbase from its membership after an internal evaluation concluded that standalone crypto exchanges fail to meet core inclusion standards. Membership…
UK Lords Want Gambling Ads Banned, Sector Growth Goal Dropped
A cross-party House of Lords committee has told the UK government to ban almost all gambling advertising as soon as it is “practicable” to do so, and to abandon its…
FCA Clears Crypto Rulebook, but UK Banks Can Still Block Transfers
The FCA has published final guidance defining which crypto businesses will need authorization under the U.K.’s incoming regulatory regime. The clarity removes a major uncertainty for firms, but a separate…
A Fake Tesco Casino Is Still Live and Ranking First on Google
“The official Tesco casino” was able to advertise itself as the real deal on Meta until the Guardian put questions to it. The unlicensed casino remains online at the time…
UK Lords Defeat Government 194-138 Over Crypto Strategy
The United Kingdom government has suffered a House of Lords defeat after peers voted 194-138 to require the Treasury to produce a national digital-assets strategy. The amendment puts fresh pressure…
Crypto Moguls Pledge £72M to Fund Reform UK Election Campaign
Ben Delo, co-founder of the crypto exchange BitMEX, and Christopher Harborne, a Tether investor, have pledged to donate 72 million pounds ($97.44 million) to Reform UK as Parliament debates a…
A 97% Favorite Lost at Goodwood and the Bookmakers Still Took a Hit
Najidi Storm went off at 1-33 in a three-runner novice stakes on Tuesday and was beaten by a horse part-owned by Manchester City’s Phil Foden. It set a British record…
UK Regulator Revisits the 2019 Ban Blocking Prediction Markets
Britain’s Financial Conduct Authority has held talks with trading platforms about easing the retail binary options ban that keeps Kalshi and Polymarket out of the UK, The Times reported. The…
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