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JUST IN: 🇬🇧 UK to release new crypto and stablecoin legislation within the next 6 months.
#Write2Earn #crypto #uk #dyor
#Write2Earn #crypto #uk #dyor
🚨UK Government Granted Power to Seize Your Bitcoin!
Your $BTC is no longer safe in the UK! The Government now holds surprising new powers to confiscate your hard-earned SATS.
UK authorities are set to tighten their grip on cryptocurrency, with the power to seize your Bitcoin. Thanks to recent legislation, starting April 26, law enforcement can freeze your digital assets for up to 90 days without a court order if there's even a suspicion of criminal activity.
This isn't just about keeping pace with the times. The Economic Crime and Corporate Transparency Act of 2023 paved the way for this, giving authorities the green light to go after crypto involved in money laundering, substance trafficking.
Get ready for a new era where the UK can legally confiscate Bitcoin, making it harder for criminals to hide their gains. The move comes after the UK Metropolitan Police recently nabbed a whopping £1.4 billion in Bitcoin linked to a Chinese investment scam.
But it's not just the UK making bold moves. The U.S. has been seizing billions in digital assets tied to various criminal activities, adding to the global trend of increased scrutiny on crypto.
This shift in the regulatory landscape is a game-changer for the crypto world, promising to speed up asset seizures and disrupt illicit financing. Stakeholders believe these changes will help combat criminal activities and protect the honest players in the crypto game.
For crypto enthusiasts and businesses alike, it's a wake-up call. The new promising to speed up asset seizures and disrupt illicit financing. Stakeholders believe these changes will help combat criminal activities and protect the honest players in the crypto game.
For crypto enthusiasts and businesses alike, it's a wake-up call. The new legislation demands stricter compliance and due diligence, as regulators tighten their grip on the once Wild West of finance.
Brace yourselves for a new era of crypto
oversight
$WLD $SC
#TrendingTopic #BTC #uk
Your $BTC is no longer safe in the UK! The Government now holds surprising new powers to confiscate your hard-earned SATS.
UK authorities are set to tighten their grip on cryptocurrency, with the power to seize your Bitcoin. Thanks to recent legislation, starting April 26, law enforcement can freeze your digital assets for up to 90 days without a court order if there's even a suspicion of criminal activity.
This isn't just about keeping pace with the times. The Economic Crime and Corporate Transparency Act of 2023 paved the way for this, giving authorities the green light to go after crypto involved in money laundering, substance trafficking.
Get ready for a new era where the UK can legally confiscate Bitcoin, making it harder for criminals to hide their gains. The move comes after the UK Metropolitan Police recently nabbed a whopping £1.4 billion in Bitcoin linked to a Chinese investment scam.
But it's not just the UK making bold moves. The U.S. has been seizing billions in digital assets tied to various criminal activities, adding to the global trend of increased scrutiny on crypto.
This shift in the regulatory landscape is a game-changer for the crypto world, promising to speed up asset seizures and disrupt illicit financing. Stakeholders believe these changes will help combat criminal activities and protect the honest players in the crypto game.
For crypto enthusiasts and businesses alike, it's a wake-up call. The new promising to speed up asset seizures and disrupt illicit financing. Stakeholders believe these changes will help combat criminal activities and protect the honest players in the crypto game.
For crypto enthusiasts and businesses alike, it's a wake-up call. The new legislation demands stricter compliance and due diligence, as regulators tighten their grip on the once Wild West of finance.
Brace yourselves for a new era of crypto
oversight
$WLD $SC
#TrendingTopic #BTC #uk
The UK finance ministry released draft rules on Wednesday to regulate the troubled crypto industry, aimed at addressing the risks posed by the sector, as highlighted by the recent collapse of exchange FTX.
#uk #crypto2023 #draft #cryptobill #cryptoonindia
#uk #crypto2023 #draft #cryptobill #cryptoonindia
🚨BREAKING🚨
The United Kingdom threatens to arrest Elon Musk and other US citizens for social media posts.
#uk #usa #Elon_Musk #socialmedia
The United Kingdom threatens to arrest Elon Musk and other US citizens for social media posts.
#uk #usa #Elon_Musk #socialmedia
🚨BREAKING 🚨
✨UK 🇬🇧 INTRODUCES NEW BILL IN
PARLIAMENT TO CLARIFY LEGAL
STATUS OF CRYPTO.
✨UNDER THIS LAW, BITCOIN AND
OTHER CRYPTO ASSETS WILL
BE CONSIDERED AS PERSONAL
PROPERTY.
✨BULLISH NEWS FOR CRYPTO ADOPTION#CryptoMarketMoves #uk
✨UK 🇬🇧 INTRODUCES NEW BILL IN
PARLIAMENT TO CLARIFY LEGAL
STATUS OF CRYPTO.
✨UNDER THIS LAW, BITCOIN AND
OTHER CRYPTO ASSETS WILL
BE CONSIDERED AS PERSONAL
PROPERTY.
✨BULLISH NEWS FOR CRYPTO ADOPTION#CryptoMarketMoves #uk
📣 #Revolut launches crypto trading platform - Revolut X
Revolut introduces "Revolut X" in the UK, a dedicated crypto trading platform targeting professional traders
Available from today, users can trade over 100 tokens with 0% maker and 0.09% taker fees.
#uk #trading #cryptotrading #TrendingTopic
Revolut introduces "Revolut X" in the UK, a dedicated crypto trading platform targeting professional traders
Available from today, users can trade over 100 tokens with 0% maker and 0.09% taker fees.
#uk #trading #cryptotrading #TrendingTopic
🚨 FCA Charges Man for Operating Illegal Crypto ATMs Processing $3.4M!
In a groundbreaking move, the U.K.’s Financial Conduct Authority (FCA) has charged a London man, Olumide Osunkoya, for operating unregistered crypto ATMs that processed £2.6 million ($3.4M) in transactions between December 2021 and September 2023. This marks the first criminal prosecution of its kind in the U.K.
The FCA accused Osunkoya of running multiple crypto ATMs without proper registration, violating the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017.
FCA's Warning: "If you're using a crypto ATM, you're handing your money to criminals," said Therese Chambers, FCA’s executive director of enforcement. She emphasized the risks of illegal crypto ATMs, often used for money laundering. Crypto ATMs, which allow users to buy or convert money into crypto, require FCA approval. As of today, no crypto ATMs are operating legally in the U.K. The FCA, along with law enforcement, has intensified efforts to crack down on these illegal operations.
Osunkoya is set to appear in court on Sept. 30. Globally, the Bitcoin ATM market has exploded, with over 38,000 Bitcoin ATMs worldwide as of August, despite being down from a peak in late 2022.
Takeaway: This case serves as a warning for both crypto users and operators in the U.K. The FCA is on a mission to eliminate unregulated activities, urging users to be aware of the risks in the crypto space.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#bitcoinatm #btc #bitcoin #ATMUSDT #uk
$BTC
In a groundbreaking move, the U.K.’s Financial Conduct Authority (FCA) has charged a London man, Olumide Osunkoya, for operating unregistered crypto ATMs that processed £2.6 million ($3.4M) in transactions between December 2021 and September 2023. This marks the first criminal prosecution of its kind in the U.K.
The FCA accused Osunkoya of running multiple crypto ATMs without proper registration, violating the Money Laundering, Terrorist Financing, and Transfer of Funds Regulations 2017.
FCA's Warning: "If you're using a crypto ATM, you're handing your money to criminals," said Therese Chambers, FCA’s executive director of enforcement. She emphasized the risks of illegal crypto ATMs, often used for money laundering. Crypto ATMs, which allow users to buy or convert money into crypto, require FCA approval. As of today, no crypto ATMs are operating legally in the U.K. The FCA, along with law enforcement, has intensified efforts to crack down on these illegal operations.
Osunkoya is set to appear in court on Sept. 30. Globally, the Bitcoin ATM market has exploded, with over 38,000 Bitcoin ATMs worldwide as of August, despite being down from a peak in late 2022.
Takeaway: This case serves as a warning for both crypto users and operators in the U.K. The FCA is on a mission to eliminate unregulated activities, urging users to be aware of the risks in the crypto space.
Follow @Professor Mende - Bonuz Ecosystem Founder for more!
#bitcoinatm #btc #bitcoin #ATMUSDT #uk
$BTC