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” UK Court recognizes NFTs as ‘private property’ — What now? “ At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible tokens (NFT) represent “private property.” There is a…
” Floki Inu resumes controversial ad blitz in London “ Dogecoin rival Floki Inu has begun what it calls an “aggressive” marketing campaign in London, plastering advertisements around the city’s train stations and on its famous red buses. Floki Inu announced the new campaign in an April 23 blog noting that “the people’s cryptocurrency” will…
” Bank of England’s PRA raises budget $31M for ‘emerging risks’ like crypto “ The Bank of England’s regulatory arm has raised its budget by $31.6 million (£24.3 million) for the coming financial year saying that costs have increased due to its growing responsibilities and preparations for “emerging risks in the financial system”. According to…
” Nifty News: UK Royal Mint NFT, $960k Billionaire Dog rug and Pudgy Penguins “ The U.K. government Treasury announced on Monday, April 4th, that it has asked the Royal Mint to create one non-fungible token (NFT) to be issued by the end of the year “as an emblem of the forward-looking approach the UK…
” Bank of England and regulators assess crypto regulation in raft of new reports “ The Bank of England Financial Policy Committee and other U.K. regulators are assessing crypto regulation after publishing reports on financial stability relating to cryptoassets and decentralized finance. The BoE report was released on Thursday, and the Financial Conduct Authority, or…
” NCA wants regulation for coin mixers, but the crypto industry is already one step ahead “ The United Kingdom’s National Crime Agency (NCA) seeks to regulate the crypto coin mixers under the country’s laws against money laundering. Coin mixing tools are popular in the decentralized world as they maintain the privacy of transactions. These…
” Is the Ukraine war intensifying regulatory pressure on crypto firms? “ Whose side are you on? The Ukraine-Russia war is forcing people to answer that question. For some in the crypto community, this can be uncomfortable because if an individual or project stands with the West against Russia, it also means it abides by…
” UK financial watchdog is investigating 50 unauthorized crypto firms “ The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses. In a Thursday announcement, the FCA said it had opened more than 300 cases on unregistered crypto…
“# Uphold becomes registered crypto-asset firm in UK post-FCA approval ” A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms…
“# BitPanda to provide crypto custody with the acquisition of FCA-approved Trustology ” BitPanda, a Viena-based crypto exchange platform has made its maiden acquisition in the form of United Kingdom-based Trustology, a crypto custodian and wallet service provider for an undisclosed amount. BitPanda will rebrand the newly acquired fintech firm to BitPanda custody in a…