The UK government is planning to require certain NFT providers to register with the Financial Conduct Authority (FCA) for anti-money laundering purposes. This move aims to enhance AML efforts through crypto supervision changes and ensure compliance with regulations. Additionally, the government is consulting with financial institutions and polluting industries to position the country as a major hub for funding the transition to net zero emissions.
BREAKING UK govt consults on delaying Clean Heat Market Mechanism by 1yr, with start date of 1 April 2025 Comes after media reports suggested govt might ditch policy altogether No change to 6%-of-sales heat pump goal for 2025/26 or other details https://t.co/AZDPmsrJPg https://t.co/qSKjwXMLme
The United Kingdom Treasury has released a consultation paper detailing proposed changes to money laundering regulations, with significant implications for the regulation of crypto assets https://t.co/v6m2S5XWYV
The UK government launches a consultation with financial institutions and polluting industries, as it tries to position the country as a major hub for funding the transition to net zero emissions https://t.co/w6Fw0HRdAt
UK review says even polluters should benefit from transition finance https://t.co/sxhXRzdjJR https://t.co/C1j1XJn2xe
Creating a CBDC that promotes innovation and protects users isn’t easy. But we’re experts at solving hard problems We’ve laid out a radical plan for the BoE: a privacy-preserving CBDC This is the only chance to get this right. We can’t fall into a surveillance state. https://t.co/66XBWdwQQ6
CBDCs don’t have to be a surveillance state. Using verifiable compute and encryption inside a zero knowledge proof — goals of strong user privacy and regulatory oversight can be achieved. Read our response to @hmtreasury that helps design payment rails fit for today’s needs. https://t.co/tK4HAPPQl2
Yesterday we submitted a response to the Bank of England (BoE) and HM Treasury’s request for information on how to ensure privacy for users of a digital pound while maximising its benefits and use cases. We're grateful to @a16zcrypto for collaborating on this response.
🚨ATTENTION NFT PROJECTS🚨 The UK is on the brink of requiring firms that offer #NFTs to comply with anti-money laundering regulations despite not being regulated as crypto-asset services generally. In short, HM Treasury says "it isn't just financial services that create money… https://t.co/CtT8yHSYIQ
The #UK must overhaul its carbon market, delivering a strong and long-term price signal to achieve the government's goal of a "self-sustaining and competitive" carbon capture, use and storage (CCUS) sector, think tank Carbon Tracker said today. https://t.co/3i6fgmNJQv
UK heat-pump makers look to government for certainty https://t.co/P4uZnmKT4j
📣 Latest News: UK treasury seeks to improve AML through crypto supervision changes #news #cryptonews #crypto #regulations
The U.K. is planning to ensure that certain NFT providers are registered with the @TheFCA for anti-money laundering purposes. @camomileshumba reports. https://t.co/UouTLNlH0J