Crypto

The UK government has granted greater powers for the National Crime Agency (NCA) and police to seize, freeze and destroy cryptoassets used by criminals, effective today.

The Financial Conduct Authority (FCA), has softened its stance on digital assets, allowing the listing of Bitcoin and Ethereum-backed exchange-traded notes (ETNs) on the London Stock Exchange for professional investors from April.

Two Scottish blockchain projects have joined forces to expand their user bases, enhance their offering, and add to the use cases of their respective tokens. Scotcoin (SCOT) will now be accepted on the Kin platform – operated by Better Internet Search – an ad-free, community-owned search

In recent financial developments, gold prices soared to a record high of $2,135.40 (around £1,690) an ounce, spurred by the anticipation of lower global borrowing costs, a weakening US dollar, and expectations of loosening global monetary policies.

Scotcoin has appointed Blockraise, the Zurich-based boutique Web3 venture accelerator firm, to support its plans for the next phase of its development. Blockraise will play a key role – similar to a nominated adviser – in making the ethical cryptocurrency accessible to a global audience.

The Financial Conduct Authority (FCA) has announced it will give some cryptoasset firms extra time to comply with new marketing regulations slated to take effect on 8 October 2023.

The UK Treasury has dismissed an all-party parliamentary committee's suggestion to regulate consumer trading of unbacked cryptocurrencies like bitcoin and ether as gambling.

A report, sponsored by Scottish Enterprise and conducted by Deep Knowledge Analytics, has forecast blockchain technology contributing £4.48 billion to Scotland's GDP by 2030. The study, Blockchain Industry in Scotland Landscape Overview: Companies, Investors, Influencers and Trends, is the fir