The UK’s cryptocurrency bill becomes law, granting regulatory oversight and establishing a legal framework for crypto transactions in the country. Key Points In a significant development for the financial sector of the United Kingdom, the highly anticipated cryptocurrency bill has officially become law. Acknowledging the growing significance of decentralized finance, the UK joins a list…
A concerning surge in the utilization of digital asset ATMs has been observed in the U.K, with 30 such machines scattered across London, Manchester, Nottingham, and Birmingham however, a considerable number of these are unlawfully operating without government authorization, leading to illicit activities. This instigated the necessity for guaranteeing better conformance and implementation of more…
With the growing concerns about data security, the need for CBDCs also increases as it could be the linchpin to create trust in the digital space – something which has eluded us since our transition into the digital era. Taking this into the consideration The Bank of England and HM Treasury have recently unveiled a…
