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The Bank of England and the Treasury believe that the U.K. will "likely" need a digital pound amid declining cash usage.

The city of London was praised for having over 800 crypto companies.

If he wins, a number of developers could be forced to modify Bitcoin's code.

Tether is deeply intertwined with Bitfinex. The two firms have a common CEO, CFO and general counsel, as per a WSJ report.

Britain's finance ministry, HM Treasury, will release a set of draft rules on Feb. 1.

The U.K. government pledged to "tighten the rules, including the introduction of a requirement to verify information provided to Companies House" to more effectively combat the fraudulent activities.

The Charity Commission described FTX's bankruptcy as a "serious incident" because it was significant funder of the Effective Ventures Foundation.

The country’s finance minister Andrew Griffith led a parliamentary debate on cryptocurrency on Wednesday, with lawmakers agreeing that more needs to be done to bring clarification to the nascent sector.

Member of Parliament Andrew Griffith told the U.K. Treasury Committee that the country should not backtrack on its crypto hub plans over the FTX collapse.

G7 economies and over 20 additional countries are in development stages for CBDCs, according to the Atlantic Council.

In addition to reforming crypto regulation, Indonesia is also introducing a Central Bank Digital Currency (CBDC), alongside a national cryptocurrency exchange.

Argo has requested to suspends trading of its ADDs and unsecured notes on NASDAQ for about 24 hours, as the LSE market closes on Dec. 27.

Binance's U.K. division Bifinity confirmed that Jo Johnson has stepped down from his advisor role on the company's board.

Interest in digital assets has been rising, attracting the attention of policymakers and regulators worldwide.

Ashley Alder said that crypto firms looking to do business in the U.K. will face strict regulations after his administration takes over in February 2023.

An appeal hearing in the UK might bring a new trial outside of the Norwegian jurisdiction

Argo said it is working to avoid filing for a Chapter 11 bankruptcy, however, "there is no assurance that it will avoid such filing."

The U.K. is set to consult on launching a central bank digital currency (CBDC) in the coming weeks as part of its effort to regulate the crypto industry.