PYMNTS-MonitorEdge-May-2024

U.K. Treasury

UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
UK Fraud Proposal Has ‘Significant Problems,’ Minister Says
May 20, 2024  |  Regulation

A British treasury official has reportedly criticized proposed fraud reimbursement measures for banks and FinTechs. The plan would require those companies to repay fraud victims...

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UK Weighs More Protections for Uninsured Bank Depositors
UK Weighs More Protections for Uninsured Bank Depositors
April 27, 2023  |  Banking

British officials could reportedly allow uninsured depositors instant access to funds during banking failures. The U.K. Treasury and Bank of England are discussing whether some...

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UK Could Intro Crypto Laws Within 12 Months
UK Could Intro Crypto Laws Within 12 Months
April 18, 2023  |  Cryptocurrency

England could have laws governing the cryptocurrency sector in place within a year. That’s according to Andrew Griffith, economic secretary to the U.K. Treasury, who...

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Bank of England Aiming to Launch Digital Pound by 2030
Bank of England Aiming to Launch Digital Pound by 2030
February 07, 2023  |  CBDC

The Bank of England and U.K. Treasury are exploring the feasibility of an official “Britcoin.” This, as a formal consultation launched Tuesday (Feb. 7) aims...

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UK Looks to Regulate Crypto Like Traditional Finance Firms
UK Looks to Regulate Crypto Like Traditional Finance Firms
February 01, 2023  |  Cryptocurrency

The British government has unveiled “robust” cryptocurrency sector regulations following a string of industry failures. A proposal announced Wednesday (Feb. 1) by the U.K. Treasury...

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RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
RBS To Allocate $1 Billion To Help SMEs Switch To FinTechs
July 28, 2017  |  B2B Payments

RBS, one of the U.K.’s top banks, is required allocate to more than $1 billion to help small businesses switch to its competitors. Reports Thursday...

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