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According to reports, Lewis Barber sued BitMEX the operator, alleging that it had provided crypto derivatives to UK users without FCA authorization and seeking approximately 20000000 pounds sterling in Bitcoin.
United Kingdom FCA has begun accepting crypto firm authorization applications; relevant companies intending to continue operating in the UK must apply by February 28, 2027; the new regime is scheduled to take effect on October 25, 2027.
United Kingdom FCA has begun accepting authorisation applications from cryptoasset businesses under the new regulatory regime. Businesses intending to continue operating must submit applications by February 28, 2027. The new regime will take effect in October 25, 2027 takes effect.
UK FCA obtained a court order requiring two individuals involved in a fake crypto investment scam to jointly repay 851,402 pounds, intended to be returned to victims. At least 65 investors previously lost a total of 1540000 pounds.
A CoinShares researcher said Germany leads the UK in crypto adoption; Germany has more licensed service providers, while the UK is advancing license applications and a new regulatory regime.