uk government

UK Government Asks Crypto Industry to Provide Insights on Its Regulatory Approach

<div class=”featured_image_container”> </div> <strong>Her Majesty’s Treasury in the U.K. issued a document that details a series of proposals addressing the crypto community. With the consultation, the Treasury is initiating a “regulatory approach to cryptoassets and stablecoins” for 2021 following the Brexit turmoil.</strong> Special Focus on Stablecoins Regulation According to the official announcement, the consultation mainly …

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The UK buys a 45 percent stake in broke satellite startup OneWeb

OneWeb After losing access to the EU’s satellite-navigation system Galileo due to Brexit, the UK is hoping to replace it with OneWeb satellites. A government-led consortium has won an auction for the satellite internet company, which filed for Chapter 11 bankruptcy in March as it sought a buyer.  If a US bankruptcy court approves the …

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UK Government Seizes $185 Million From Dormant Bank Accounts for Crisis Relief

The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government, including HSBC, Barclays, Clydesdale, Credit Agricole, Danske, Santander, Lloyds, and Bank of Scotland. The government has also proposed adding other …

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