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UK

Learn about the UK economy, focusing on its strengths, challenges, and the impact of global events on its growth and development.

UK

Learn about the UK economy, focusing on its strengths, challenges, and the impact of global events on its growth and development.

Exchanges   -   Aug 20, 2023 What Is Binance Connect and Why Was It Shut Down?
Binance connect

Binance Connect, fiat-to-crypto on- and off-ramps service provider, was shut down on August 16, adding to the list of drawbacks for the group.

CBDC   -   Jun 20, 2023 BIS and BofE Develop Standardized Ledger-Agnostic API for Retail CBDCs
BIS and BofE Develop Standardized Ledger-Agnostic API for Retail CBDCs

Project Rosalind provides a communication layer between both account-based and token-based ledgers maintained by a central bank and user front-ends developed by ecosystem service and payment interface providers.

Chase UK to ‘Protect’ Customers From Crypto by Blocking Payments
Banks   -   Sep 30, 2023 Chase UK to ‘Protect’ Customers From Crypto by Blocking Payments

Rumors that the bank also plans to block payments used to buy cigarettes, extreme sports equipment, and foreign trips to clinics offering Brazilian butt-lifts and/or euthanasia have so far not been confirmed.

Jack Martin
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Banks   -   Sep 30, 2023 Chase UK to ‘Protect’ Customers From Crypto by Blocking Payments
Chase UK to ‘Protect’ Customers From Crypto by Blocking Payments

Rumors that the bank also plans to block payments used to buy cigarettes, extreme sports equipment, and foreign trips to clinics offering Brazilian butt-lifts and/or euthanasia have so far not been confirmed.

Jack Martin
Exchanges   -   Aug 20, 2023 What Is Binance Connect and Why Was It Shut Down?
Binance connect

Binance Connect, fiat-to-crypto on- and off-ramps service provider, was shut down on August 16, adding to the list of drawbacks for the group.

Sasha Markevich
CBDC   -   Jun 20, 2023 BIS and BofE Develop Standardized Ledger-Agnostic API for Retail CBDCs
BIS and BofE Develop Standardized Ledger-Agnostic API for Retail CBDCs

Project Rosalind provides a communication layer between both account-based and token-based ledgers maintained by a central bank and user front-ends developed by ecosystem service and payment interface providers.

Jack Martin
Regulation   -   Jun 11, 2023 UK Authorities Introduce Strict Advertising Regulations To Combat Deceptive Cryptoasset Ads
UK Authorities Introduce Strict Advertising Regulations To Combat Deceptive Cryptoasset Ads

The UK's Financial Conduct Authority unveiled a set of new advertising regulations that will apply to the promotion of cryptoassets to UK customers. The new rules will go into effect later this year.

Observers
Banks   -   Jun 06, 2023 “Sorry, No Speaky Crypto!”: Anglosphere Leads Way in Crypto Debanking
Anglosphere no crypto

Following the recent suspension of Binance’s local bank deposit and withdrawal functionality in both Australia and the UK, why does it seem to be the majority-English-speaking countries whose banks are coming down hardest on crypto?

Jack Martin
Regulation   -   May 25, 2023 UK Parliament Suggests Crypto Trading Should be Regulated as Gambling
House of Commons Treasury Committee Regulating Crypto

The Treasury Select Committee says unbacked “cryptoassets” have no intrinsic value or useful social purpose and retail trading is more like gambling than financial services. Bad news for the UK Government’s plan to make the country into a crypto hub.

Jack Martin
UK   -   Apr 26, 2023 Bank of England on Tokenization of Money: “Shape of Things to Come”
Bank of England on Tokenization of Money: “Shape of Things to Come”

In a speech earlier this month, the Deputy Governor of the Bank of England outlined four areas where the tokenization of money is now actively being explored by the United Kingdom’s central bank.

Jack Martin
Metaverse   -   Apr 25, 2023 UK Now Has Technology Department to Tackle Metaverse and Web3 Strategy
UK Now Has Technology Department to Tackle Metaverse and Web3 Strategy

The metaverse and Web3 strategy of the UK will be addressed by the country’s new Technology department.

Alex Harutunian
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