Category: United Kingdom

U.K. MP to Advise Crypto Exchange on Gov’t Relations, Says ‘Steep Learning Curve’ Ahead

U.K. Member of Parliament (MP) Stephen Hammond has joined the advisory board of a new retail investor-focused crypto exchange to provide guidance on government relations. The news was shared in a press release with Cointelegraph today, Oct. 22. Hammond is also notably a member of the Treasury Select Committee, where he is responsible for government […]

Thai Ministry of Commerce Explores Blockchain Solutions for Copyright, Agriculture, Finance

The Thai Ministry of Commerce has begun to conduct feasibility studies on the use of blockchain in copyright, agriculture, and trade finance, English-language Thai newspaper Bangkok Post reports Tuesday, Oct. 9. A Thai official from Thailand’s Trade Policy and Strategy Office (TPSO), Pimchanok Vonkorpon, told the Bangkok Post that the study is being conducted with […]

Andy Warhol Painting to Be Sold via Blockchain in ‘World’s First’ Crypto Art Auction

Blockchain platform Maecenas has announced today, June 7, that  it will hold the “world’s first cryptocurrency art auction”, according to a press release shared with Cointelegraph. The platform will be selling fractional ownership of Andy Warhol’s 14 Small Electric Chairs – worth $5.6 mln – at crypto-friendly UK fine art gallery Dadiani Syndicate on June […]

UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

UK authorities have opened 24 investigations into cryptocurrency businesses over financial regulatory compliance, local media outlet CityWire reported May 25. Responding to a freedom of information request, regulator the UK’s Financial Conduct Authority (FCA) also confirmed it had opened seven whistleblower reports since the start of the year. While the FCA did not mention which […]

HSBC Completes ‘World’s First’ Blockchain Trade Finance Deal, Ships Soybeans

UK-based banking giant HSBC has reportedly completed the world’s first ever trade finance transaction powered by blockchain, the Financial Times (FT) reported today, May 14. As multiple news outlets report, HSBC, which is the world’s largest trade finance institution, completed a letter of credit for food and agricultural giant Cargill, the US’ largest private company […]

UK Crypto Exchange Will Launch First ‘Physically Deliv… | News

UK-based cryptocurrency exchange Coinfloor will launch the world’s first “physically delivered” Bitcoin futures contracts in April 2018, an executive told Reuters March 14. Speaking to Reuters during the Futures Industry Association’s annual conference in Florida, Coinfloor’s co-founder Mark Lamb announced that the exchange would shortly unveil a dedicated futures exchange called CoinfloorEX, which would showcase […]