2019-9-24 00:00 |
Consensys-backed firm uPort has partnered with PwC to develop blockchain-based identity management for financial services
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In a significant legal development, Judge James Mellor issued a written judgment on Monday regarding Craig Wright’s lawsuit against the Cryptocurrency Open Patent Alliance (COPA). Wright had claimed to be Satoshi Nakamoto, the elusive founder of Bitcoin.
Economic Secretary Bim Afolami said that the government could put through stablecoin and staking legislation in the coming weeks but will outline was is coming later.
UK police now have powers to seize, freeze or destroy criminal crypto holdings. It follows new legislation that comes into effect today, April 26, 2024. Reforms to help UK’s national security, said Home Secretary James Cleverly.
New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release.
Members of the industry have complained that the regulator takes too long to approve crypto applications.
Member of Parliament Lisa Cameron called for the government to ensure that all stages of education and the workplace develop digital skills.
Barclays, Lloyds, and Citi banks experimenting with tokenised deposits. The trial aims to explore digital banking potential amidst the uncertain future of ‘Britcoin’. BIS’s Agora project and UK government support reflect the global push for advanced financial systems.