The UK has been leading the charge against crypto criminality for some time, but never more so than in the past few months, which saw a plethora of court wins, legislative proposals and regulatory advancements. In this article for the Law Society Gazette, Keith Oliver and Amalia Neenan FitzGerald review some of the most arresting […]
The UK has set out plans to tame the crypto sector and the Treasury has announced that this will be done under the existing financial services regime. In this first edition of the International Academy of Financial Crime Litigators Bulletin (see p26), Keith Oliver and Caroline Timoney argue that despite the Treasury’s ambition to control […]
According to recent research by financial claims management company Refundee, scams involving cryptocurrency are on the rise. Charlotte Tregunna spoke to City A.M. about the rise in crypto fraud, commenting that this was “inevitable”, since scams are prevalent in traditional finance. The types of scams invented by scammers are also increasingly imaginative, with new and […]
Last month, HM Treasury released a report on cryptoassets, in which it proposed a new, comprehensive regulatory regime. In this article for Business Reporter, Neil Swift, James Tyler and Michal Chajdukowski review the government’s plans to regulate the crypto sector. They discuss the timings of, and background to, the proposals, what key protections the new […]
Earlier this week, HM Treasury released proposals that would mean that parts of the crypto sector has to follow rules that currently apply to financial institutions, and would include the Financial Conduct Authority having greater oversight of the sector. Across the Channel, the EU is already making great strides in the competition between jurisdictions to […]
The recent spectacular collapse of the FTX exchange has made questions in respect of crypto regulation in the UK (and elsewhere) more pressing. While the government had previously approached the topic with caution, these recent events have contributed to a noticeable shift in gear, including the introduction of a bill bill to bring certain cryptoassets […]
Following the collapse of the FTX exchange, the government’s proposals to regulate cryptoassets has become even more relevant. This article analyses the proposed regulatory changes and their potential impact on market actors involved in the crypto sphere. Proposed amendments HM Treasury and the Financial Conduct Authority (FCA) have indicated that the increase in retail investors’ […]
