2024 is proving to be a watershed moment for cryptocurrency regulation in the UK. Multiple government and regulatory bodies are taking decisive action to shape the future of crypto in the nation. Here’s a deep dive into the three crucial changes you need to understand. 1. The Economic Crime and Corporate Transparency Act 2023: A […]
In a move that is likely to have a significant impact on the cryptocurrency industry, the UK government has granted law enforcement new powers to freeze crypto assets suspected of involvement in criminal activity. These amendments to the Economic Crime and Corporate Transparency Act will give the National Crime Agency (NCA) the ability to freeze […]
The internet revolutionised how we connect, exchange information, and build new worlds. While it has delivered immeasurable progress, the emergence of centralised digital powers raises concerns about control, privacy, and the distribution of economic benefits. Enter blockchain technology, which allows for transparent tracking and immutable security of data and transactions without the need for a […]
The rise of artificial intelligence (AI) has triggered a fascinating legal puzzle: who owns the copyright for works created by machines? In the UK, the Copyright, Designs and Patents Act 1988 (CDPA) addresses this head-on, offering a unique perspective on intellectual property protection for AI-generated content. Current Copyright Rules Unlike many countries, the CDPA explicitly acknowledges the […]
The UK’s financial sector is embracing the innovative world of digital assets, but with this new frontier comes the challenge of regulatory clarity. One key area of confusion lies in the distinction between securities and tokens, particularly in the context of the Financial Services and Markets Act 2000 (Regulated Activities) Order (RAO). Understanding these differences […]
The intersection of gaming, blockchain, and cryptoassets is an exciting yet complex space, buzzing with innovation and riddled with regulatory uncertainties. This blog dives into the current landscape, exploring the intricate links between e-money regulations, token reward schemes, collective investment schemes, gambling and how they interact with gaming. The Regulatory Rollercoaster First, let’s acknowledge the […]
The dawn of emerging technologies like Artificial Intelligence (AI), robotics, and gene editing brings unparalleled advancements, but also casts a looming shadow of uncertainty. In the UK, a vital question hangs heavy: who is liable when things go wrong? Are existing legal frameworks equipped to handle the ethical and legal repercussions of these complex tools? […]
The cryptocurrency world can sometimes be perceived as the ‘Wild West’ of finance, but the world of digital currencies just made a major stride into the mainstream with the introduction of Bitcoin ETF. This historic move has Wall Street scrambling to saddle up and ordinary investors wondering if it’s time to dive into the digital […]
In January 2022, the UK government published a consultation response setting out its intention to legislate to bring certain promotions of ‘qualifying cryptoassets’ within the Financial Conduct Authority’s (FCA) remit. The policy statement was updated in 1 February 2023. The financial promotions regime will apply to all firms marketing cryptoassets to UK consumers regardless of […]
