United Kingdom

The UK government will use Brexit to carve a different regulatory program for crypto that could come into law in the next 12 months, according to Andrew Griffith, economic secretary to the Treasury. "We've got control back of our rulebook, not something the UK has had for decades,"...

Silicon Valley Bank's U.K. subsidiary reportedly handed over $18 million in bonuses days after HSBC Holdings Plc (NYSE: HSBC) was roped in as part of a rescue deal to save the institution from insolvency.  Payouts to staff, which included senior executives, were given...

According to sources close to Boris Johnson, the former prime minister's legal team is preparing to present new evidence that they believe will clear him of any wrongdoing in the ongoing Partygate scandal. The evidence, which his allies are calling a "bombshell defence dossier," reportedly includes...

Over 200 U.K. firms in technology and life sciences have been left unable to pay staff due to the collapse of Silicon Valley Bank (NASDAQ: SIVB), which was shut down by regulators on Friday and whose demise is now the largest failure of a U.S. bank since 2008. While the bank's...

Neo-banking company Revolut has introduced cryptocurrency staking in the UK and the European Economic Area through a soft launch, AltFi reported. What Happened: The full launch will start this week, allowing users to earn income on their crypto assets while the product was in soft testing....

Benzinga is cordially inviting new British Prime Minister Rishi Sunak to its Future of Crypto event on Dec. 7 in New York City. Founded in 2009 by CEO Jason Raznick, Detroit-based Benzinga is one of the largest content providers to global brokerages and media houses. A leader in the cannabis...

The U.K. has a new Prime Minister with Rishi Sunak announced as the third person to lead the country in the past two months. Sunak has been a proponent of cryptocurrency and non-fungible tokens, something that was going viral in a post on Monday. What Happened: During his time as Chancellor of the...

Rishi Sunak will take over as the U.K.’s youngest and wealthiest prime minister in modern history on Monday after other contenders pulled out of the race to lead the Conservative Party. After former Prime Minister Boris Johnson withdrew his candidature abruptly, Penny Mordaunt was left as the...

In the near future, Bitcoin (CRYPTO: BTC) may stand in stark contrast to the course that the rest of the world and fiat currencies may pursue, particularly the one of increasing supply, extra currency creation and central bank balance sheet growth, according to Fidelity Digital Assets. In the...

The rout in the financial market resulting from the U.K. government’s spending plan “suggests incompetence,” billionaire investor and founder of Bridgewater Associates, Ray Dalio, said in a series of tweets. “The panic selling you are now seeing that is leading to the...

Former Treasury Secretary Lawrence H. Summers has expressed his delight at the International Monetary Fund urging the United Kingdom to re-evaluate its unprecedented tax cuts. What Happened: Summers on Tuesday shared a Financial Times article that reported on the IMF...

In an effort to combat cybercrime, money laundering and "foreign kleptocrats," the Economic Crime and Corporate Transparency Bill was tabled in the U.K.’s Parliament. What Happened The Proceeds of Crime Act, a statute created in 2002 to combat money laundering, would be...

A man who tried grabbing the flag draped over Queen Elizabeth's coffin as she lay in state at the Westminster Hall did not believe she was dead, Westminster Magistrates' Court has heard, the BBC reported. What Happened: Muhammad Khan was nabbed by the London Police...

Rap musician Snoop Dogg shared an incident dating back to 1994 when Queen Elizabeth II came to his defense and saved him from being removed from the United Kingdom. What Happened: Dogg made the revelation in a conversation he shared on his Instagram profile. He said he was on tour in the U.K. while...

Queen Elizabeth II, the U.K’s longest reigning monarch and the head of the royal family for 70 years, died peacefully Thursday at Balmoral in Scotland. Flags across the royal residences, Whitehall, and other government buildings were lowered to half-mast as Buckingham Palace announced the...