england
30,962 views
57 Discussing
Hot
Latest
Bank of #England #crypto stance (Oct 2025)
- *Stablecoin caps* – The BoE is proposing _temporary_ limits on how many stablecoins individuals and businesses can hold, citing financial‑stability risks if large deposits suddenly shift into crypto. The caps are expected to be between *£10,000 – £20,000* (≈ $13,400 – $26,800) for retail users, with higher thresholds for businesses and exemptions for systemic firms. The central bank says it will _remove the caps once it’s confident they pose no threat to the real economy.
- *Regulatory push* – Deputy Governor *Sarah Breeden* stresses that the limits are a _temporary_ measure while the financial system adjusts. A formal consultation is slated for the coming weeks, aiming to finalise a UK‑wide stablecoin regime next year.
- *International coordination* – BoE officials note that crypto‑risk monitoring can’t be solved alone; they’re working with the *Financial Stability Board* and other global regulators to tighten rules as institutional adoption grows.
In short, the BoE is being _cautiously open_—allowing stablecoins to play a role in payments but putting short‑term caps in place until the systemic‑risk picture clears. 🌐📈
$SOL $XRP $BNB
- *Stablecoin caps* – The BoE is proposing _temporary_ limits on how many stablecoins individuals and businesses can hold, citing financial‑stability risks if large deposits suddenly shift into crypto. The caps are expected to be between *£10,000 – £20,000* (≈ $13,400 – $26,800) for retail users, with higher thresholds for businesses and exemptions for systemic firms. The central bank says it will _remove the caps once it’s confident they pose no threat to the real economy.
- *Regulatory push* – Deputy Governor *Sarah Breeden* stresses that the limits are a _temporary_ measure while the financial system adjusts. A formal consultation is slated for the coming weeks, aiming to finalise a UK‑wide stablecoin regime next year.
- *International coordination* – BoE officials note that crypto‑risk monitoring can’t be solved alone; they’re working with the *Financial Stability Board* and other global regulators to tighten rules as institutional adoption grows.
In short, the BoE is being _cautiously open_—allowing stablecoins to play a role in payments but putting short‑term caps in place until the systemic‑risk picture clears. 🌐📈
$SOL $XRP $BNB
My 30 Days' PNL
2025-09-21~2025-10-20
+$91.58
+892.46%
See original
🏦 #blackRock launches today a #ETP of Bitcoin in the United Kingdom
💥 The world's largest asset manager presents a spot-traded product of #bitcoin , expanding institutional access to cryptocurrencies in the British market. #England $BTC
💥 The world's largest asset manager presents a spot-traded product of #bitcoin , expanding institutional access to cryptocurrencies in the British market. #England $BTC
See original
United Kingdom Plans to Compensate Victims of Bitcoin Fraud $7 Billion: Confirming the Legality of Digital Assets
The United Kingdom is making a groundbreaking move to compensate Chinese victims in a nearly $7 billion USD Bitcoin investment scam. This plan comes after the Metropolitan Police seized a massive amount of Bitcoin from 2018 to 2021, related to Chinese citizen Zhimin Qian. #England
Priority for Victim Compensation and Crypto Legal Framework
Although there were initial signs that the UK government might retain most of the seized funds, prosecutors are now planning to specify a victim compensation program. This Bitcoin is converted from a scam fund affecting over 128,000 individuals in China.
This event is an extremely positive signal for the cryptocurrency market, regardless of what the final outcome is. The UK government's prioritization of considering compensation in the form of seized digital assets, rather than simply confiscating them for public funds, has legitimized Bitcoin's status as a recoverable asset that can be used to compensate damages.
According to lawyers representing the victims, compensation must be a top priority, especially as many investors have suffered significant personal losses. Despite concerns that the UK may retain the funds under the Proceeds of Crime Act, the focus on recovering assets for victims affirms that law enforcement and the judicial system are learning how to effectively handle complex crypto cases. #china
The United Kingdom is making a groundbreaking move to compensate Chinese victims in a nearly $7 billion USD Bitcoin investment scam. This plan comes after the Metropolitan Police seized a massive amount of Bitcoin from 2018 to 2021, related to Chinese citizen Zhimin Qian. #England
Priority for Victim Compensation and Crypto Legal Framework
Although there were initial signs that the UK government might retain most of the seized funds, prosecutors are now planning to specify a victim compensation program. This Bitcoin is converted from a scam fund affecting over 128,000 individuals in China.
This event is an extremely positive signal for the cryptocurrency market, regardless of what the final outcome is. The UK government's prioritization of considering compensation in the form of seized digital assets, rather than simply confiscating them for public funds, has legitimized Bitcoin's status as a recoverable asset that can be used to compensate damages.
According to lawyers representing the victims, compensation must be a top priority, especially as many investors have suffered significant personal losses. Despite concerns that the UK may retain the funds under the Proceeds of Crime Act, the focus on recovering assets for victims affirms that law enforcement and the judicial system are learning how to effectively handle complex crypto cases. #china
See original
Nigel Farage Declares Himself the "Champion" of Crypto in the UK, Calls for Urgent Legal Reform
Leader of the Reform UK party, Nigel Farage, publicly stated at the Digital Asset Summit 2025 in London that the digital asset market in the UK is lacking a reasonable legal framework. He urged the Financial Conduct Authority (FCA) to implement "reasonable regulations" for the crypto sector, contrasting with the "ridiculous regulations" currently applied to the stock market. #England
Lack of Policy and Great Promises
Farage criticized the UK Government for "doing nothing" in the digital asset space, even though former Prime Minister Rishi Sunak had expressed a desire to make the UK a "global hub for crypto asset technology." The evidence is that no major party has mentioned crypto in their election manifesto for 2024.
In an effort to become the future Prime Minister of the UK, Farage self-identifies as the "champion" of crypto investors and developers. He stated: "Whether you like or dislike my other political views, when it comes to your industry, I am your supporter."
Earlier in May, he pledged to cut capital gains tax on crypto and compel the Bank of England (BoE) to establish Bitcoin reserves if elected. Farage is also a strong advocate for using digital assets to address the issue of "debanking" (being denied service by banks), based on his personal experience. He believes that crypto provides "personal sovereignty" and is the future of currency. #anh_ba_cong
Leader of the Reform UK party, Nigel Farage, publicly stated at the Digital Asset Summit 2025 in London that the digital asset market in the UK is lacking a reasonable legal framework. He urged the Financial Conduct Authority (FCA) to implement "reasonable regulations" for the crypto sector, contrasting with the "ridiculous regulations" currently applied to the stock market. #England
Lack of Policy and Great Promises
Farage criticized the UK Government for "doing nothing" in the digital asset space, even though former Prime Minister Rishi Sunak had expressed a desire to make the UK a "global hub for crypto asset technology." The evidence is that no major party has mentioned crypto in their election manifesto for 2024.
In an effort to become the future Prime Minister of the UK, Farage self-identifies as the "champion" of crypto investors and developers. He stated: "Whether you like or dislike my other political views, when it comes to your industry, I am your supporter."
Earlier in May, he pledged to cut capital gains tax on crypto and compel the Bank of England (BoE) to establish Bitcoin reserves if elected. Farage is also a strong advocate for using digital assets to address the issue of "debanking" (being denied service by banks), based on his personal experience. He believes that crypto provides "personal sovereignty" and is the future of currency. #anh_ba_cong
See original
The Boss of the UK Sentenced to Jail After Misusing $66,500 Covid Loan for Crypto and Gambling
Haralambos Ioannou, the owner of a glazing company in the UK, has been sentenced to 22 months in prison for fraudulently misappropriating a Covid-19 business support loan and misusing it. Specifically, Ioannou received two Bounce Back loans worth £50,000 (approximately $66,500) from the UK government in the summer of 2020, while regulations only allow each business to receive one loan. #England
Misuse and Compensation
While the first loan was used legitimately for the glazing business, Ioannou used the second loan for personal expenses including:
Crypto and Investment: Approximately £8,000 ($10,650) was transferred to "investment and crypto investment" companies.
Gambling: Approximately £25,000 ($33,250) was sent to gambling companies.
Cash withdrawals and payments to ex-wife.
The UK's Insolvency Service has ordered Ioannou to pay £40,000 (approximately $53,200) in compensation and to perform 150 hours of unpaid labor.
This case is an example of how government emergency relief funds have been abused to engage in speculative crypto and gambling markets during the DeFi boom of 2020, when Bitcoin prices doubled and Ethereum quadrupled.
Haralambos Ioannou, the owner of a glazing company in the UK, has been sentenced to 22 months in prison for fraudulently misappropriating a Covid-19 business support loan and misusing it. Specifically, Ioannou received two Bounce Back loans worth £50,000 (approximately $66,500) from the UK government in the summer of 2020, while regulations only allow each business to receive one loan. #England
Misuse and Compensation
While the first loan was used legitimately for the glazing business, Ioannou used the second loan for personal expenses including:
Crypto and Investment: Approximately £8,000 ($10,650) was transferred to "investment and crypto investment" companies.
Gambling: Approximately £25,000 ($33,250) was sent to gambling companies.
Cash withdrawals and payments to ex-wife.
The UK's Insolvency Service has ordered Ioannou to pay £40,000 (approximately $53,200) in compensation and to perform 150 hours of unpaid labor.
This case is an example of how government emergency relief funds have been abused to engage in speculative crypto and gambling markets during the DeFi boom of 2020, when Bitcoin prices doubled and Ethereum quadrupled.
See original
The UK Sets Financial Goals Based on Blockchain, Launches Digital Gilt
The UK government (UK Treasury) is strongly promoting the application of blockchain technology in the financial market to transform the system of issuing, trading, and settling assets. To lead this process, the UK Treasury plans to appoint a 'Digital Markets Champion'. #England
Transitioning from Paper to Digital
Secretary Lucy Rigby announced the establishment of the Dematerialisation Market Action Taskforce. This task force will oversee the transition from paper stock certificates to electronic format, a crucial step for adopting blockchain.
The government has also announced the Wholesale Financial Markets Digital Strategy to promote the widespread integration of blockchain and artificial intelligence (AI) in the wholesale financial sector.
Government Bond Project on Blockchain
The biggest breakthrough is the Digital Gilt (DIGIT) project. This project invites technology companies to participate in issuing UK government bonds (Gilt) on a blockchain platform, marking the official acceptance by the state of distributed ledger technology (DLT) in public debt management.
However, despite strongly promoting the application, the UK government maintains a neutral stance and has never officially mentioned or supported any specific blockchain. This ensures a fair competitive environment for different technologies during the transition. #anh_ba_cong
The UK government (UK Treasury) is strongly promoting the application of blockchain technology in the financial market to transform the system of issuing, trading, and settling assets. To lead this process, the UK Treasury plans to appoint a 'Digital Markets Champion'. #England
Transitioning from Paper to Digital
Secretary Lucy Rigby announced the establishment of the Dematerialisation Market Action Taskforce. This task force will oversee the transition from paper stock certificates to electronic format, a crucial step for adopting blockchain.
The government has also announced the Wholesale Financial Markets Digital Strategy to promote the widespread integration of blockchain and artificial intelligence (AI) in the wholesale financial sector.
Government Bond Project on Blockchain
The biggest breakthrough is the Digital Gilt (DIGIT) project. This project invites technology companies to participate in issuing UK government bonds (Gilt) on a blockchain platform, marking the official acceptance by the state of distributed ledger technology (DLT) in public debt management.
However, despite strongly promoting the application, the UK government maintains a neutral stance and has never officially mentioned or supported any specific blockchain. This ensures a fair competitive environment for different technologies during the transition. #anh_ba_cong
India beats England by 336 runs. This is our biggest Test win by runs ever 🇮🇳🏏
#England #India #news #Follow_Like_Comment #BinanceSquareFamily $BNB
#England #India #news #Follow_Like_Comment #BinanceSquareFamily $BNB
#BinanceSquareTalks
#England #Follow4more
🔴The #UK government may sell more than £5 billion in seized Bitcoins to cover its budget deficit, including 61,000 Bitcoins from a Chinese Ponzi scheme in 2018‼️
#England
#England #Follow4more
🔴The #UK government may sell more than £5 billion in seized Bitcoins to cover its budget deficit, including 61,000 Bitcoins from a Chinese Ponzi scheme in 2018‼️
#England
See original
The US and UK collaborate to promote the future of Crypto
The US and UK are planning to cooperate to oversee the cryptocurrency market. UK Treasury Secretary Rachel Reeves and US Treasury Secretary Scott Bessent held a meeting with representatives from major financial institutions, including giants in the crypto industry such as Ripple, Circle, and Coinbase.#England
A golden opportunity for the crypto market
This move is an extremely positive signal, indicating that major governments are increasingly recognizing and seeking to collaborate to manage crypto more effectively. A representative from Ripple noted that this collaboration would help the UK become a global digital asset hub and fully harness the potential of blockchain.
The meeting took place against the backdrop of #SEC having proposed establishing a cross-border sandbox for crypto companies to experiment, showcasing the efforts of both countries to create a clear and favorable legal environment. Although the Bank of England (BOE) is being criticized for proposing tighter regulations on stablecoins, the highest-level cooperation between the US and UK remains an important step forward. It affirms that rather than prohibiting, economic powers are looking to integrate crypto into the global financial system. This promises a bright future, with more transparent regulations, attracting larger investments, and fostering innovation in the industry. #anh_ba_cong
The US and UK are planning to cooperate to oversee the cryptocurrency market. UK Treasury Secretary Rachel Reeves and US Treasury Secretary Scott Bessent held a meeting with representatives from major financial institutions, including giants in the crypto industry such as Ripple, Circle, and Coinbase.#England
A golden opportunity for the crypto market
This move is an extremely positive signal, indicating that major governments are increasingly recognizing and seeking to collaborate to manage crypto more effectively. A representative from Ripple noted that this collaboration would help the UK become a global digital asset hub and fully harness the potential of blockchain.
The meeting took place against the backdrop of #SEC having proposed establishing a cross-border sandbox for crypto companies to experiment, showcasing the efforts of both countries to create a clear and favorable legal environment. Although the Bank of England (BOE) is being criticized for proposing tighter regulations on stablecoins, the highest-level cooperation between the US and UK remains an important step forward. It affirms that rather than prohibiting, economic powers are looking to integrate crypto into the global financial system. This promises a bright future, with more transparent regulations, attracting larger investments, and fostering innovation in the industry. #anh_ba_cong
See original
The proposal to limit stablecoins by the Bank of England has been criticized as "restrictive"
The Bank of England (#BoE ) is facing opposition from crypto groups and financial experts regarding the proposal to limit the number of stablecoins that individuals and businesses can hold. The proposal aims to restrict stablecoin deposits from £10,000 to £20,000 for individuals and £10 million for businesses.
Risks and Opposition
Central banks argue that these limits are necessary to prevent large sums of money from flowing out of traditional bank deposits, which could threaten credit supply and financial stability. However, critics such as Coinbase and Uniform Labs argue that these limits would be detrimental to savers, the financial center of London, and the pound sterling. Tom Duff Gordon from Coinbase stated that no other major regulatory jurisdiction imposes similar limits. #England
The UK Risks Falling Behind
The UK's approach starkly contrasts with the US, where the recent GENIUS Act has created a licensing framework for stablecoin issuers without imposing limits. Experts warn that if these limits are applied, the UK could fall behind the US and EU in the digital asset space. Instead of imposing limits, a better approach would be to embrace innovation and build competitive capacity for the pound sterling in the digital financial world. #anh_ba_cong
The Bank of England (#BoE ) is facing opposition from crypto groups and financial experts regarding the proposal to limit the number of stablecoins that individuals and businesses can hold. The proposal aims to restrict stablecoin deposits from £10,000 to £20,000 for individuals and £10 million for businesses.
Risks and Opposition
Central banks argue that these limits are necessary to prevent large sums of money from flowing out of traditional bank deposits, which could threaten credit supply and financial stability. However, critics such as Coinbase and Uniform Labs argue that these limits would be detrimental to savers, the financial center of London, and the pound sterling. Tom Duff Gordon from Coinbase stated that no other major regulatory jurisdiction imposes similar limits. #England
The UK Risks Falling Behind
The UK's approach starkly contrasts with the US, where the recent GENIUS Act has created a licensing framework for stablecoin issuers without imposing limits. Experts warn that if these limits are applied, the UK could fall behind the US and EU in the digital asset space. Instead of imposing limits, a better approach would be to embrace innovation and build competitive capacity for the pound sterling in the digital financial world. #anh_ba_cong
Bank of England cuts interest rates by 0.25% to 4.25%
#england #news #BTCBackto100K #FOMCMeeting #BinanceSquareTalks $BTC $ETH $BNB
#england #news #BTCBackto100K #FOMCMeeting #BinanceSquareTalks $BTC $ETH $BNB
See original
$BTTC
Today is a day to do some shopping - future reservations.
#china
#IndiaCrypto
#Panama
#England
#Brazuca
Today is a day to do some shopping - future reservations.
#china
#IndiaCrypto
#Panama
#England
#Brazuca
See original
UK sentences two crypto consulting fraudsters to prison for 2 million USD
Two individuals, Raymondip Bedi and Patrick Mavanga, have been sentenced to prison by a UK court for defrauding 65 victims who invested in a fake crypto consulting company, embezzling a total of 2.03 million USD. #England
Details of the case and the sentence
From 2017 to 2019, Bedi and Mavanga operated scam companies such as CCX Capital and Astaria Group LLP. Mavanga was sentenced to 6 years and 6 months in prison, while Bedi received 5 years and 4 months in prison. Both pleaded guilty to fraud, money laundering, and possession of counterfeit identification documents. Mavanga was also convicted of obstructing justice by deleting phone recordings related to the case.
New trends in financial crime
This case is part of a larger effort by the UK government to crack down on financial crimes that exploit the gaps between traditional markets and less regulated digital platforms. Last week, a UK court also sentenced two brothers, Redinel Korfuzi and his sister, for insider trading conspiracy, earning nearly 1.35 million USD by exploiting crypto-style trading applications.
Both cases highlight the rise of various forms of scams and fraud in the increasingly overlapping financial and crypto markets, necessitating regulatory bodies to enhance oversight and law enforcement. #anhbacong
Two individuals, Raymondip Bedi and Patrick Mavanga, have been sentenced to prison by a UK court for defrauding 65 victims who invested in a fake crypto consulting company, embezzling a total of 2.03 million USD. #England
Details of the case and the sentence
From 2017 to 2019, Bedi and Mavanga operated scam companies such as CCX Capital and Astaria Group LLP. Mavanga was sentenced to 6 years and 6 months in prison, while Bedi received 5 years and 4 months in prison. Both pleaded guilty to fraud, money laundering, and possession of counterfeit identification documents. Mavanga was also convicted of obstructing justice by deleting phone recordings related to the case.
New trends in financial crime
This case is part of a larger effort by the UK government to crack down on financial crimes that exploit the gaps between traditional markets and less regulated digital platforms. Last week, a UK court also sentenced two brothers, Redinel Korfuzi and his sister, for insider trading conspiracy, earning nearly 1.35 million USD by exploiting crypto-style trading applications.
Both cases highlight the rise of various forms of scams and fraud in the increasingly overlapping financial and crypto markets, necessitating regulatory bodies to enhance oversight and law enforcement. #anhbacong
UK court sentences crypto fraudsters to 12 years in prison.
#England #news #crypto #BinanceSquareFamily #Follow_Like_Comment
$ETH $XRP $SOL
#England #news #crypto #BinanceSquareFamily #Follow_Like_Comment
$ETH $XRP $SOL
See original
The United Kingdom considers selling over $7.2 billion of Bitcoin seized from criminals
The UK Home Office is considering a plan to sell all of the Bitcoin seized from criminal activities, with an estimated total value of over $7.2 billion. Notably, this includes 61,000 $BTC seized from a Ponzi scheme in 2018.
The plan and its opposition to global trends
This plan has garnered interest from Treasury Secretary Rachel Reeves, who wants to use the proceeds to offset the budget deficit. The Home Office aims to establish a centralized system to manage the storage and liquidation of Bitcoin within 4 years, with contracts inviting private entities worth $53.7 million.
If implemented, this move would contradict the general trend in many countries such as the US, El Salvador, Bhutan, Pakistan, and Kazakhstan, which are building strategic Bitcoin reserve funds, while major Western businesses are also actively accumulating cryptocurrency. Previously, the German government sold $2.89 billion of Bitcoin in mid-2024, and if retained, that amount would now be worth $5.64 billion. #England
The UK Home Office is considering a plan to sell all of the Bitcoin seized from criminal activities, with an estimated total value of over $7.2 billion. Notably, this includes 61,000 $BTC seized from a Ponzi scheme in 2018.
The plan and its opposition to global trends
This plan has garnered interest from Treasury Secretary Rachel Reeves, who wants to use the proceeds to offset the budget deficit. The Home Office aims to establish a centralized system to manage the storage and liquidation of Bitcoin within 4 years, with contracts inviting private entities worth $53.7 million.
If implemented, this move would contradict the general trend in many countries such as the US, El Salvador, Bhutan, Pakistan, and Kazakhstan, which are building strategic Bitcoin reserve funds, while major Western businesses are also actively accumulating cryptocurrency. Previously, the German government sold $2.89 billion of Bitcoin in mid-2024, and if retained, that amount would now be worth $5.64 billion. #England
See original
Institutional capital continues to flow into Bitcoin: Global confidence is steadily rising!
The cryptocurrency market is flooded with positive signals as companies around the world continue to reinforce their confidence in Bitcoin by accumulating this asset into their treasury. This trend not only indicates the maturation of Bitcoin but also serves as proof that it is becoming an essential part of the financial strategy for diverse businesses.
Major companies are leading this trend:
Major companies are leading this trend:
See original
UK Police Warn of Police Impersonation Scam, Stealing $2.8 Million in Bitcoin
North Wales Police (UK) are investigating a sophisticated scam, in which a scammer impersonated a senior police officer to steal $2.8 million worth of Bitcoin from a victim's hardware wallet. This incident shows that scams are becoming increasingly complex, targeting even seasoned cryptocurrency investors.
Details of the Scam
The victim received a call from someone claiming to be a "senior law enforcement officer," informing them that their personal information had been leaked from the phone of a recently arrested suspect. The scammer used psychological tactics such as creating a sense of fear and urgency to convince the victim to "secure their assets" by logging into their hardware wallet through a phishing link.
Details of the Scam
The victim received a call from someone claiming to be a "senior law enforcement officer," informing them that their personal information had been leaked from the phone of a recently arrested suspect. The scammer used psychological tactics such as creating a sense of fear and urgency to convince the victim to "secure their assets" by logging into their hardware wallet through a phishing link.
Login to explore more contents