Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
FTX founder Sam Bankman-Fried facing decades in jail as he’s convicted of defrauding crypto customers November 3, 2023 Bankman-Fried, 31, could face decades in prison after prosecutors said he cheated thousands of customers of billions of dollars before the collapse of his companies in November, 2022.
Government set to regulate crypto firms – saying failure of FTX has forced their hand October 30, 2023 The government has confirmed it will bring cryptocurrencies into the remit of regulators today as ministers look to turn the UK into a global hub for crypto firms, saying it needs to avoid high-profile failure like FTX
Will the Economic Crime Act tackle the UK’s £350bn fraud issue? October 26, 2023 The government's legislation designed to tackle economic crime received royal assent today after months of back and forth between the House of Commons and the House of Lords.
Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
City watchdog issued nearly 150 alerts on crypto ads in 24 hours after new regulations October 9, 2023 The City watchdog issued nearly 150 alerts on the first day of its new crypto marketing regime as unauthorised crypto firms felt the heat from the new regulations.
Top lawyer: Bank crypto transaction ban ‘about protecting themselves’ October 2, 2023 British banks could face criticism if they follow in the footsteps of JP Morgan’s Chase, which moved to block cryptocurrency payments for its UK customers, a banking lawyer has said.
JP Morgan’s Chase will ban crypto payments starting from mid-October September 26, 2023 Chase UK is banning customers from making crypto payments from mid-October citing concerns over financial crime.
Treasury slaps down calls for crypto to be regulated like gambling July 20, 2023 The Treasury has slapped down a suggestion from MPs that crypto should be regulated like gambling today, describing it as running “completely counter” to standards set by international watchdogs.
UK must have a ‘Goldilocks’ approach to crypto rules or risk scaring firms off, warns minister Griffith June 20, 2023 The UK must strike a “goldilocks” approach to crypto rules and not scare off a crop of fintech firms with an overly “hot” regulatory clampdown, the City minister has warned.