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 money could be released upfront to allow for business continuity for the bank’s customers, Bloomberg News reported Thursday (April 27),...
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 said in an interview with CNBC Monday (April 18) that specific crypto regulation could be enacted in the next 12...
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 to develop guardrails around introducing a central bank digital currency (CBDC) for the U.K. that may one day sit alongside...
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 would subject crypto companies to the same oversight as traditional finance firms. “Our robust approach to regulation mitigates the most...
May 20, 2024
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 as much as 415,000 pounds ($520,760). However, Bim Afolami, City minister for London and economic secretary to the Treasury, told the Financial Times Monday (May 20) that there were “significant problems” […]
April 27, 2023
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 money could be released upfront...
April 18, 2023
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 said in an interview with...
February 01, 2023
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 would subject crypto companies to...
