Global #United Kingdom

Solana's popular memecoin platform, Pump Fun, has been banned in the United Kingdom following a warning from the Financial Conduct Authority (FCA).

As the United Kingdom holds an impressive 61,000 BTC, it is now the third-largest Bitcoin holder in the world, trailing only behind the United States (207,189 BTC) and China (194,000 BTC).

According to Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, the United Kingdom is poised to introduce formal regulations for stablecoins in the coming months.

The prosecution of Olumide Osunkoya marks a pivotal moment in the United Kingdom's approach to cryptocurrency regulation. This case is notable as it represents the first prosecution under new money laundering and terrorist financing regulations, reflecting the authorities' intensified scrutiny of the crypto sector.

In a significant move to protect the burgeoning NFT industry, the Digital Chamber advocacy group has urged the U.S. Congress to enact legislation that would classify non-fungible tokens (NFTs) as consumer products rather than securities.

As cryptocurrencies gain prominence, countries around the world are enacting diverse regulations to address the risks and opportunities of digital assets.