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A member of the House of Lords has raised concerns that UK government data, including NHS patient records, is being stored in foreign jurisdictions without adequate cybersecurity protections, calling the practice "unacceptable" as the government advances plans for a voluntary digital identity system

The Bank of England's newly published consultation paper on sterling-denominated systemic stablecoins has drawn sharp criticism from industry leaders who say the UK regulator is moving too slowly, even as they acknowledge some proposals make sense. The Bank of England on Monday released a comprehens

Revolut's path to obtaining a full UK banking license has stalled as British regulators question whether the London-based fintech company's risk management systems can handle its aggressive international expansion. The Bank of England and the Prudential Regulation Authority have pressed the digital

The Bank of England is preparing to grant exemptions to its proposed stablecoin ownership limits, allowing certain digital asset firms including crypto exchanges to hold large amounts of the tokens, according to people familiar with the matter. The move marks a potential shift in the central bank's

In a significant development for the UK cryptocurrency market, BCP Technologies has unveiled Tokenised GBP (tGBP), a new stablecoin pegged to the British pound sterling. This marks a milestone as tGBP is being touted as the first stablecoin issued under the UK’s regulatory framework, having received