UK Tax Authorities Change the Way Crypto Profits Should Be Filed
The UK Treasury introduced changes to the Self-Assessment tax return forms so that crypto assets are identified separately
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FCA Takes Aim at Payment Firms Over Unacceptable Risks
The UK Financial Conduct Authority has sent letters to almost 300 payment companies calling for measures to eliminate unacceptable risks to consumers and the integrity of the country’s financial system.
NatWest Sets Daily Crypto Purchase Limits
NatWest has become the latest British bank to decide on restrictions for customers buying cryptocurrency.
Binance Suspends Sterling Deposits and Withdrawals
The Binance crypto exchange announced the decision to temporarily stop deposits and withdrawals in pounds sterling.
Experian to Pilot Credit-Building Service
Experian will pilot a new service for “credit invisibles”– people with little to no credit history – to get better access to mainstream financial services and start their credit-building journey
Bank of London Offers to Buy Silicon Valley Bank’s UK Operations
The Bank of London has taken the initiative to acquire the British operations of the Silicon Valley Bank, which closed at the end of last week.
Numeral Launches in UK to Help Fintechs Access EU Markets
The French platform for aggregating banking transactions and automating payments, Numeral, has announced the start of work in the UK financial market.
Yapily and Zilch Partner on Affordable Credit Solutions in UK
Yapily and Zilch announced the beginning of cooperation to provide affordable lending solutions to UK residents.
Lloyds Invests £10 Million in Digital ID Firm Yoti
Lloyds Banking Group has invested 10 million pounds for the development of the digital identification company Yoti.
Nationwide Overhauls Payment Processing With Accenture and Form3
Nationwide Building Society has partnered with Accenture and A2A platform provider Form3 to transform its digital payments infrastructure through the introduction of a cloud platform.
Smart Lending Fintech Abound Raises £500 Million
Abound, a fintech company based in the UK has reported raising funds for 500 million pounds as a result of a combination of debt and equity financing.
Bybit Rolls Out Crypto-To-Fiat Debit Card
Crypto exchange Bybit has launched the first phase of the rollout of Mastercard crypto-to-fiat debit card, which supports a number of blue-chip cryptocurrencies
UK Government Announces Delay to Pension Dashboard Initiative
The British Welfare and Pension Administration reported disappointment due to the delay in the launch of the Pensions Management Panel project.
Innovate Finance Calls For Expanded Open Banking
The British fintech industry organization Innovate Finance has appealed to regulators to expand the scope of open banking services.
UK Challenger and Specialist Bank SME Lending Hits Record High
In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.
Klarna to Introduce Charges for Late Payments
Swedish fintech company Klarna has announced the start of charging late payments from customers in the UK.
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