Quantcast

Key legislative changes unveiled amid ongoing compliance challenges

CRYPTO NEWS AROUND THE GLOBE
Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
Hong Kong's OSL eyes Indonesia expansion with $15 million crypto exchange acquisition
FCA-registered BCP launches British pound stablecoin
Crypto: Ripple's RLUSD stablecoin will now also be used in the United Arab Emirates
Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Changpeng Zhao offers a dark pool-style DEX for invisible crypto orders
End of tariffs? Judge blocks Trump's Liberation Day
The TACO trade is gaining popularity; what is it?
B2B stablecoin payments surge to $36 billion annual pace, survey finds
Russian banks debut crypto products for qualified investors
Reserve Bank of India to roll out new use cases for digital rupee
Bitcoin creator becomes richer than Bill Gates
EU revises growth downwards to 0.9% in 2025, weighed down by Donald Trump's customs duties
United Kingdom: Crypto firms will have to report all customer transactions
Ethereum on the brink of an incredible surge? This expert's bold prediction
DOJ is investigating Coinbase data breach— Report
All Crypto News Around The Globe
Key legislative changes unveiled amid ongoing compliance challenges
Web3/Crypto
Webp 1
Lord Ponsonby of Shulbrede, Member of the House of Lords | UK Parliament

On November 20, Gherson LLP published an analysis on the evolving regulatory landscape for cryptoassets in the UK, highlighting recent legislative efforts aimed at addressing gaps in oversight. Key developments include the Financial Services and Markets Act 2023 and the proposed Property (Digital Assets) Bill.

“These impending regulatory changes herald a new era for crypto regulation in the UK,” said the report, stressing that firms must remain vigilant in ensuring compliance as the Financial Conduct Authority (FCA) continues its enforcement efforts.

The Financial Services and Markets Act 2023 introduces provisions for stablecoin regulation, granting HM Treasury authority to create an FCA authorisation and supervision regime for stablecoins and giving the Payment Systems Regulator oversight of digital payment systems.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The Property (Digital Assets) Bill, introduced by Lord Ponsonby of Shulbrede in September 2024, proposes recognizing digital assets as personal property, aiming to modernize property law and provide stronger legal protections in cases of fraud or disputes.

HM Treasury’s October 2023 response outlined broader regulatory measures, including a comprehensive definition of cryptoassets, expanded territorial scope, and enhanced anti-money laundering (AML) standards to improve financial crime prevention and transparency.

Challenges remain in compliance enforcement. In July 2024, the Financial Conduct Authority (FCA) fined CB Payments Limited, a UK branch of Coinbase Group, £3.5 million for weaknesses in financial crime controls. The FCA reported a decline in cryptoasset registration applications, with only one submission last month compared to 32 in the past year and 365 since January 2020.

According to a report by the IMARC Group, the UK cryptocurrency market was valued at USD 267.23 billion in 2023 and is projected to grow to USD 520.2 billion by 2032, with a compound annual growth rate (CAGR) of 7.30% between 2024 and 2032.

Organizations Included in this History
Uk Government
More News

Founder of Binance on mortgage assets: 'The future American Dream will be to own 0.1 BTC'

Changpeng Zhao, founder of Binance, said that a move for Fannie Mae and Freddie Mac to count bitcoin as a mortgage asset signals a shift in the American Dream.

Jul 7, 2025

Binance launches new airdrop rewards for BNSOL holders

Binance has announced the launch of PIXEL APR Boost Airdrop Rewards for the 11th project on BNSOL Super Stake, in collaboration with Pixels (PIXEL), a web3 game on the Ronin Network.

Jul 7, 2025

Executive Chairman of Strategy: Public firms added ~131K BTC in Q2, boosting their bitcoin holdings by 18%

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said that public companies increased their bitcoin holdings more rapidly than exchange-traded funds (ETFs) in the second quarter.

Jul 5, 2025

CoinFlip launches new user interface for its cryptocurrency service

CoinFlip, a global digital currency platform, has announced the launch of a new user interface for its CoinFlip Preferred service.

Jun 30, 2025

Crypto influencer on crypto exchanges: 'Coinbase is just too expensive and that’s not good for users'

Gum Shoe, a crypto influencer, has highlighted the long wait times and high fees at Coinbase compared to better service at Binance as evidence of the need for increased competition among U.S. crypto exchanges.

Jun 23, 2025

Binance founder on Giggle Academy learning platform: 'We can make this work for kids to get them jobs early'

Changpeng "CZ" Zhao, founder of Binance, said that practical education data from his Giggle Academy learning platform will connect young learners to job opportunities instead of focusing on degrees.

Jun 23, 2025

Crypto Comments
Loading...

No comments available.

Trending
1

Executive Chairman of Strategy: Public firms added ~131K BTC in Q2, boosting their bitcoin holdings by 18%