Tag: HM Treasury
HM Treasury intensifies action on APP fraud clampdown
The British government is moving to bolster the legal framework around fraud prevention, in response to an increase in Authorised Push Payment (APP) fraud.
Draft...
UK Treasury and BofE move into phase two of digital pound...
The UK Treasury and Bank of England ‘are convinced that further preparatory work’ on the creation of a digital pound is justified, even if...
‘UK digital currency can’t leave people behind’ – MPs respond to...
MPs have called on the government to ensure that a digital pound does not ‘exacerbate financial exclusion’, as the UK moves towards launching a...
FCA enables UK funds to be tokenised in important milestone
Tokenisation for funds in the UK has been made possible after the Financial Conduct Authority (FCA) announced the first step in its implementation plan.
Alongside...
CryptoUK believes regulation ‘key’ for the sector’s growth
In response to HM Treasury’s consultation into cryptoassets and their role in the wider financial regulatory space, CryptoUK has issued a response stating that...
UK & US authorities charge Trickbot cybercriminals over financial attacks
Seven individuals have been accused of financially motivated cyber attacks against civilian infrastructure back in 2020's COVID-19 peak.
Digital Pound can “enhance UK financial infrastructures”
The UK is exploring its next step in becoming a global hub for digital payment innovation with the official launch of a consultation into...
UK contactless limit to increase to £100 from 15 October
UK Finance has announced the spending limit for contactless transactions will increase to £100 from 15 October onwards, following on from the announcement of...
UK banks commit to safeguarding communities’ Cash Access
The UK’s largest retail banks and building societies have pledged to maintain commitments to continue to ensure ‘cash access’ for national consumers, businesses and...
HM Treasury joins international ‘Green Finance’ platform
HM Treasury has announced that the UK has become a founding member of the ‘The International Platform on Sustainable Finance (IPSF)’ – promoting the...
