UK

The post UK Recognizes Bitcoin and NFTs as Personal Property – A Big Win for Crypto Owners appeared first on Coinpedia Fintech News In a significant move, the UK government has introduced a crypto bill in Parliament that could change how digital assets are treated under British law. If passed, the bill will classify cryptocurrencies, NFTs, and tokenized real-world assets (RWAs) as personal property, providing legal protection against fraud, theft, and other risks. This legislation is the first of its…

The UK government has introduced the Property (Digital Assets etc) Bill to Parliament, proposing a significant shift in how digital assets are treated under the law.  Digital Assets as Personal Property Presented on September 11, 2024, the bill seeks to categorize these digital holdings as personal property, a move that aims to provide legal clarity and protections for asset holders. Under the new legislation, digital assets such as cryptocurrencies, NFTs, and even carbon credits would be considered personal property under…

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The post UK FCA Rejects 87% of Crypto Firm Applications appeared first on Coinpedia Fintech News The United Kingdom Financial Conduct Authority has rejected 87% of registration requests from crypto firms under the UK Crypto Regulation framework. The UK FCA has only accepted 4 registrations out of 35 submissions in the last 12 months. This information has been revealed in the UK FCA annual report for 2024. But why did the UK reject so many registration requests, and are they…

Finding a top-quality crypto casino UK can be challenging for British gamblers due to the UKGC's regulations, which typically do not accommodate cryptocurrencies. Therefore, we've explored beyond the usual boundaries to identify the top Bitcoin casino available for UK players. After testing dozens of different crypto casinos, we can confidently present our definitive top 10 crypto casino sites for UK players in 2024, with TG.Casino taking the number one spot. Top 10 Sites for Bitcoin Gambling in the UK Bets.io…

The post UK Legal Body Submits Crypto Asset Classification Bill appeared first on Coinpedia Fintech News The Law Commission of England and Wales has submitted a groundbreaking proposal to the government, urging the creation of a new category of personal property specifically for crypto assets. The Commission has proposed the establishment of a “third category” of personal property which aims to ensure that property rights related to digital assets are clearly defined and enforceable. Accompanying the proposal is a draft…

The post Will UK Dump Bitcoin Following Germany’s Move? Another BTC Dip Coming Up? appeared first on Coinpedia Fintech News After Germany’s recent Bitcoin sell-off spree, the crypto market is speculating whether the UK might follow Germany’s move as the new Chancellor of the Exchequer, Rachael Reeves is under pressure to fund her economic plans. As the Britain government holds a substantial BTC stash, if Reeves decides to sell, rumors suggest a potential market dip.  UK Currently Holds Over $4…

The German government is continuing to sell its large Bitcoin position near the market bottom, while it is continuing to be absorbed by buyers. Is this a similar play to when UK chancellor Gordon Brown sold a huge chunk of his country’s gold at the bottom of the market? The current selling of what could be the entire $BTC holdings of the German government at the bottom of the market could be held up in years to come as one…

The United Kingdom High Court has issued a Worldwide Freezing Order (WFO) against Australian computer scientist and entrepreneur Craig Wright. This action prevents Wright from moving his assets until he pays £1.548 million ($1.9 million) in legal fees to crypto podcast host Peter McCormack. Court Freezes Wright’s Assets The legal battle between both parties began in 2022 when the self-proclaimed founder of Bitcoin, Wright, sued McCormack for defamation. Wright claimed that McCormack defamed him in several social media posts and YouTube…