UK

UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
Jun 22, 2022 at 11:40
News
UK Refutes EU Regulation to Monitor Unhosted Digital Wallets
The United Kingdom has declined to implement a European Union rule requiring EU governments to monitor transactions on non-hosted digital wallets. The UK preferred to monitor transactions above a certain minimum amount to ensure compliance with financial regulations.
Facebook Might Face Regulatory Scrutiny with its Metaverse Developments
Feb 07, 2022 at 13:01
News
Facebook Might Face Regulatory Scrutiny with its Metaverse Developments
It seems regulators will not leave Meta, the parent company behind Facebook and Instagram, alone, even after the company abandoned its cryptocurrency projects. The new regulations drafted in the UK will target Metaverse developments.
Remote Work is Going Mainstream Despite Security Risks
Dec 05, 2021 at 10:10
News
Remote Work is Going Mainstream Despite Security Risks
The Covid 19 pandemic has forced many companies to adopt work from home (WFH). Many firms prefer flexible working arrangements despite the risks involved. The UK Financial Conduct Authority (FCA), for example, has poured millions into improving WFH operations.
Russia Adopts a Code of Conduct for Dealing with Artificial Intelligence due to its Widespread Use
Oct 28, 2021 at 10:25
News
Russia Adopts a Code of Conduct for Dealing with Artificial Intelligence due to its Widespread Use
As artificial intelligence (AI) is widely used in numerous areas of human life, there is a need to regulate it in order to eliminate the potential dangers of the technology. For this reason, Russia has developed a Code of Conduct for this innovation.
3 Officials of a Ukrainian Security Service are Involved in Kidnapping; Ransom Was Paid in Bitcoins
Oct 27, 2021 at 11:30
News
3 Officials of a Ukrainian Security Service are Involved in Kidnapping; Ransom Was Paid in Bitcoins
Employees of the Security Service of Ukraine (SBU) are suspected of kidnapping a foreign citizen to demand a ransom. To save himself from threats and torture, the man paid the kidnappers 7.5 Bitcoins.
Celebrities Promote Suspicious Projects, Lacking Knowledge to Tell a Legitimate Project from a Scam
Sep 12, 2021 at 09:50
News
Celebrities Promote Suspicious Projects, Lacking Knowledge to Tell a Legitimate Project from a Scam
The UK Financial Conduct Authority (FCA) accuses Kim Kardashian of promoting a risky cryptoasset token that could be a scam. Is this a result of a lack of awareness or a drive for money?
Binance is Complying with Regulations, Allowed in the UK Again
Aug 26, 2021 at 12:24
News
Binance is Complying with Regulations, Allowed in the UK Again
Binance has been under scrutiny in several countries recently, with customers worried about the future of the world's largest crypto exchange.
Binance Exchange Ordered to Exit Malaysia. Will Binance Remain the Largest Cryptocurrency Exchange?
Aug 01, 2021 at 10:48
News
Binance Exchange Ordered to Exit Malaysia. Will Binance Remain the Largest Cryptocurrency Exchange?
The world's largest crypto exchange Binance has suffered another shutdown in Malaysia as the company continues to crack down globally.
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Jul 15, 2021 at 09:15
News
Cryptocurrency Money Laundering Thrives in the UK; $408 Million Already Laundered
Since the UK began hunting money launderers, British police have managed to seize over $408 million (£294 million) worth of illegal cryptocurrencies. This shows that the general situation with money laundering using cryptocurrencies in the United Kingdom is alarming.
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