The BoE has recently taken greater steps towards the rollout of a central bank digital currency.
The United Kingdom no longer has the choice but to adapt to the post-Brexit times, making digital finance one of its priorities.
As seen in the case of AA v. Bitfinex, targeting a crypto exchange over stolen funds is a high-risk, low-reward proposition.
The total volume on the crypto exchange has fallen 4.9% in the last 24 hours.
“The economic environment for Bitcoin right now could not be better,” said Duncan MacInnes.
The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime.”
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions.
In addition to trying to define stablecoins, the U.K. is looking to establish how close it wants its crypto laws to be to other countries.
The United Kingdom is shutting the door for digital asset firms: Crypto startups are no longer welcome to the country.
A vast number of nations, including many G-7 members, want more rules for crypto.