Bank of England weighs softer rules for UK stablecoin issuers

The Bank of England has begun reconsidering parts of its proposed stablecoin framework after digital asset firms warned that strict reserve rules and ownership caps could make pound-backed tokens difficult to use at scale. According to the Financial Times, Bank…...
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Crypto Billionaire’s $7M Gift Puts UK Reform Leader Under Ethics Spotlight

A £5 million ($6.7 million) gift from crypto billionaire Christopher Harborne has landed Reform UK leader Nigel Farage before a parliamentary standards watchdog over an alleged disclosure failure. The Size Of The Donation According to reports, the money came from Harborne, a British cryptocurrency investor based in Thailand who...
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Bitcoin price slips below $80K as ETFs hit 4-month high outflows

U.S.-listed spot Bitcoin ETFs recorded their largest single-day outflows in four months on Wednesday as rising inflation concerns and weakening risk appetite pressured crypto markets. According to data from SoSoValue, the 12 spot Bitcoin ETFs in the U.S. recorded roughly…...
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