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The House of Lords Financial Services Regulation Committee launched a stablecoin inquiry January 29 with a March 11 deadline for evidence submission. The parliamentary review examines whether Bank of England and Financial Conduct Authority regulatory frameworks provide "measured and proportionate re

Britain's advertising watchdog banned Coinbase campaign materials for suggesting cryptocurrency could address the cost of living crisis without adequately disclosing investment risks. The Advertising Standards Authority ruled the exchange's video and three posters were "irresponsible" and "trivialis

Nearly half of customer payments to cryptocurrency platforms face blocks or delays from UK banks, according to a survey of major exchanges that handle billions in monthly transactions. The UK Cryptoasset Business Council surveyed 10 regulated exchanges including Coinbase, Kraken and Gemini. The repo

A former Bank of England senior analyst has urged Governor Andrew Bailey to develop contingency plans for potential financial market turmoil that could follow official confirmation of extraterrestrial life, warning that such an announcement might trigger asset repricing, a rush toward safe havens in

The United Kingdom and 47 other countries began enforcing cryptocurrency tax reporting requirements on Jan. 1 under the Organization for Economic Cooperation and Development's Cryptoasset Reporting Framework, with major exchanges now required to collect and report user transaction data and tax resid