Tag: Crypto

CryptoUK has called for UK banks to be given a ‘white list’ of registered crypto firms to avoid firms in the industry getting ‘debanked’.

Proven, a developer of zero-knowledge proofs that enables exchanges, stablecoins, asset managers and custodians to prove their solvency, has raised $15.8m in a seed round.

 Cryptocurrency tax and payroll platform Toku has secured $20m in a funding round led by Blockchain Capital.

The UK’s Financial Conduct Authority (FCA) has made another move to crackdown on crypto ATMs by inspecting several sites in East London.

Divly, a FinTech helping simplify tax declarations for the crypto market, has raised $400,000 in a new fundraise.  

Stelo Labs, a startup seeking to protect wallets from scams and phishing and securely navigate Web3, has raised $6m.

A recent consultation by the UK Treasury has revealed that plans for a digital UK currency are being considered and could be realised within a decade.

Despite the rising usage of cryptocurrency, regulations are still quite bare and confusing. Principal to this is crypto tax reporting, which some countries are setting rules for, before even clarifying taxation laws.

Illicit activity in the crypto space reached an all-time high of $20.1bn in 2022, up from $18bn the previous year.

The UK National Crime Agency has revealed it is establishing a specialised crypto unit as part of its National Cyber Crime Unit.