United Kingdom

UK: FCA and LSE give green light to cryptocurrency ETNs

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cryptocurrency ETNs

The UK’s Financial Conduct Authority (FCA) has announced its willingness to consider requests from regulated exchanges to establish a market segment for cryptocurrency-backed Exchange Traded Notes (ETNs). ETNs are a type of unsecured debt securities issued by investment banks or asset management companies. Often, these instruments are used to track assets or indices that other … Read more UK: FCA and LSE give green light to cryptocurrency ETNs

Coinbase Stands Out at UK Global Investment Summit

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coinbase uk grobal investment

Today, the CEO and co-founder of the digital asset platform Coinbase, Brian Armstrong, has landed in the United Kingdom to participate in the exclusive Global Investment Summit, organized by the British government, according to the exchange’s own statement. This event, which brings together 200 global leaders from various industries, including financial institutions and technology companies, … Read more Coinbase Stands Out at UK Global Investment Summit

The British government creates the Digital Securities Sandbox (DSS), a program that will strengthen digital asset markets

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digital securities sandbox

The British government has announced legislation for the digital asset sector in the country. This is the creation of the Digital Securities Sandbox (DSS), a program designed to strengthen and energize British financial markets. Made up of 110 measures led by Chancellor Jeremy Hunt, the DSS is expected to come into operation in early 2024. … Read more The British government creates the Digital Securities Sandbox (DSS), a program that will strengthen digital asset markets

UK government announces crypto regulation plans, prioritizing stablecoins backed by fiat

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cryptocurrency marketing uk

UK government releases final recommendations for cryptocurrencies and stablecoins, backed by a series of regulatory plans. It should be remembered that the United Kingdom will begin regulation of stablecoins backed by fiat currencies, with plans for it to come into effect in early 2024. Supervision of these activities will fall to the Financial Conduct Authority … Read more UK government announces crypto regulation plans, prioritizing stablecoins backed by fiat

UK seeks clearer regulation for cryptocurrency advertising

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cryptocurrency marketing uk

In order to protect consumers and ensure transparency in the cryptocurrency market, the UK Treasury has implemented stricter regulations affecting all cryptocurrency companies operating in the country, regardless of their geographical location. The Financial Conduct Authority (FCA) is the entity responsible for supervising compliance with these regulations, which came into force on October 8 as … Read more UK seeks clearer regulation for cryptocurrency advertising

UK advances in Internet regulation with the new online safety law

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uk online safety law

In the United Kingdom, they are moving towards the enactment of a new online security law that will mainly affect social networks and online platforms. This legislation has gone through a long process of development and debate in the House of Lords. Initially, the bill focused on addressing illegal content on the Internet. However, as … Read more UK advances in Internet regulation with the new online safety law

The UK advances the regulation of AI to protect consumers: proposed principles

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us government generative ai

The UK Competition and Markets Authority (CMA) has taken significant steps in regulating artificial intelligence (AI) by proposing a series of principles designed to ensure consumer protection and promote healthy competition in the development and use of basic AI models. Basic AI models have seen a rapid increase in adoption in a variety of user … Read more The UK advances the regulation of AI to protect consumers: proposed principles

Fall of the Pound Sterling and resurgence in the use of cash: Economic problems in the UK

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economic contraction uk

The British pound saw a 0.4% decline against the US dollar, hitting its lowest point in almost three months, in response to an economic contraction in July. This decline is partly attributed to strikes and the impact of bad timing on UK production. Economic contraction in the United Kingdom Financial experts were not anticipating such … Read more Fall of the Pound Sterling and resurgence in the use of cash: Economic problems in the UK