The Treasury Committee has called for the regulation of consumer trading in unsupported cryptocurrencies, akin to gambling laws.
The Financial Conduct Authority (FCA) has teamed up with the South West Regional Organised Crime Unit, Yorkshire and Humber Regional Organised Crime Unit, and the Nottinghamshire Police force to intensify its crackdown on unregistered and illegal crypto ATMs.
Binance, the world's largest crypto exchange platform, has announced it will be suspending sterling deposits and withdrawals after its UK partner, Paysafe, ended its service agreement.
Temple Melville, CEO of The Scotcoin Project Community Interest company, discusses how the ownership laws surrounding cryptocurrency and cryptoassets affect individuals in cases of bankruptcy of firms which held their assets, and the need for regulation to protect retail users. As we know, most peop
The Chartered Institute of Taxation (CIOT) and Association of Taxation Technicians (ATT) are reminding crypto asset investors to include their gains (and losses) in their 2021/22 tax returns as the 31 January deadline looms.
Temple Melville, CEO of the Scotcoin Project CIC, discusses the benefits of regulation in the cryptocurrency industry, including protections for citizens and investors, the ability for institutions to invest, and the adoption of regulated crypto ETFs. Six years ago, when Gideon Greenspan said that r
The Securities and Exchange Commission (SEC) has charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former CTO of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX, the crypto trading platform co-founded by Samuel
Sam Bankman-Fried (SBF), the founder and former CEO of collapsed crypto exchange FTX, has been taken into custody in the Bahamas at request of US government prosecutors.
American federal prosecutors have named a Scottish “ghost” firm in connection to a $500 million (£414m) cryptocurrency scam, alleging it was used to help launder the ill-gotten gains. Two Estonians were arrested by United States authorities and accused with internationally defraudi
John J. Ray, the lawyer known for taking over Enron after its collapse has been put in charge of failed crypto exchange FTX, founded and run by Sam Bankman-Fried.
Analysts at JP Morgan have suggested Bitcoin could fall to $13,000 (£11,040) amid the recent market instability. After this week's collapse of FTX, which was one the largest bitcoin exchanges by volume often handling over $1 billion (£850 million) in daily transactions, the cryptocu
Santander has announced it will start capping bank transfers to crypto exchanges starting this month. Following warnings from the Financial Conduct Authority (FCA) on the risks of investing in cryptoassets, the bank has been gradually taking more steps to reduce the risk to consumers falling prey to
The organisation behind Scotcoin – Scotland’s first and only digital currency – has struck what is thought to be the first cryptocurrency sponsorship deal in Scottish rugby. Scotcoin is now a sponsor of Glasgow Hutchesons’ Aloysians (GHA) rugby union club. The Giffnock-based
Cryptocurrency markets have lost significant value in recent weeks as the total market dropped below $1 trillion (£867 billion). The losses come as the two main digital currencies, Bitcoin and Ethereum, have taken heavy losses, dropping 5.9% to $18,720 and 9.2% to $1,514 respectively. This is
A gathering of crypto enthusiasts and Bitcoin Angels at Stirling Castle has raised £13,500 for the cancer charity Maggie’s. In addition to the £5000 donated directly from artist and organiser Trevor Jones he is also willing to match contributions up to 5 Ethereum, as more continues