United Kingdom

Who is Sofia Patel? One of whose posts created an uproar in the US elections, Trump slammed the British PM

by

US Presidential Election: US Republican candidate Donald Trump has filed a legal complaint requesting an immediate investigation by British authorities into “blatant foreign interference” in the upcoming presidential election. In his complaint, Trump has directly accused the British Prime Minister of interfering in the presidential election. Let us know from where this uproar started. This … Read more

Revolut to launch its own stablecoin: report

by

Key facts: According to the company, they are “quite advanced” in creating the stable cryptocurrency. They want to take a compliance-first approach to become a “safe harbor.” Revolut, the $45 billion London-based fintech, is in the final stages of developing its own stablecoin, according to sources close to the company. This decision aligns with Revolut’s … Read more

UK court recognises USDT as a “distinct form of property”

by

Key facts: Since 2023, the United Kingdom recognizes the Bitcoin ecosystem as a financial activity. The court considers that USDT can constitute property, as is the case with other assets. The UK High Court has officially recognised USDT, the stablecoin of Tether Limited, as a form of property. In a court document In the case … Read more

UK proposes law to recognise bitcoin as personal property

by

The UK Ministry of Justice today submitted to the UK Parliament a regulatory proposal that seeks to recognise cryptocurrencies, including Bitcoin, non-fungible tokens (NFTs) and tokenised carbon credits, as personal property. This legislation aims to offer legal protection to property owners and businesses against fraud and scams related to cryptocurrencies. According to the informed According … Read more