In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda and in 2023 will continue to forge a path without the U.K. When it comes to financial regulations, the U.K.’s...
The Bank of England has outlined plans to ensure cash remains available in the U.K. In anticipation of its expanded remit to protect access to cash granted by the forthcoming Financial Services and Markets Bill (FSMA), on Wednesday (Dec. 14), the BoE put out a...
After months of debate, the U.K.’s crypto regulatory framework is taking shape. On Wednesday (Dec. 7), the U.K.’s House of Commons debated the Financial Services and Markets Bill (FSMB) which received cross-party support and will now go to the House of Lords for consideration. Overall,...
A proposal that would have allowed Britain’s finance ministry to overturn decisions made by financial regulators has been removed from a bill that is now moving through Parliament. This “intervention power” had been proposed in October by U.K. financial services minister Andrew Griffith but was...
December 30, 2022
In 2023, the U.K. will accelerate its divergence from EU payment and crypto regulations. Meanwhile, the EU is moving ahead with its own policy agenda and in 2023 will continue to forge a path without the U.K. When it comes to financial regulations, the U.K.’s Financial Services and Markets Bill (FSMB) forms the centerpiece of […]
December 14, 2022
The Bank of England has outlined plans to ensure cash remains available in the U.K. In anticipation of its expanded remit to protect access to cash granted by the forthcoming Financial Services and Markets Bill (FSMA), on Wednesday (Dec. 14), the BoE put out a consultation on how it intends to implement its new powers. […]
November 23, 2022
A proposal that would have allowed Britain’s finance ministry to overturn decisions made by financial regulators has been removed from a bill that is now moving through Parliament. This “intervention...
October 27, 2022
A new wave of cryptocurrency regulation may be coming for British investors, as U.K. Financial Services Minister Andrew Griffith on Thursday (Oct. 27) put forth an amendment to a financial...
October 25, 2022
Cryptocurrency advocates are hoping they have a friend in new British Prime Minister — and digital currency supporter — Rishi Sunak. “Hoping for big things in UK,” Changpeng Zhao, founder...
