Bitcoin hash rate, or the computing power that secures the Bitcoin network, is becoming a unique commodity with compelling investment potential, said KPMG UK senior manager of financial services and partner at KPMG Canada’s Digital Assets Centre of Excellence.

The proposed legislation would treat crypto assets, NFTs, and carbon credits as personal property under UK law.

As blockchain and crypto adoption rises globally, more users are seeking quick profits. Over the past year, more than 250 individuals in the UK lost over $650,000 to fraudulent Bybit demo accounts. Investigations into these scams are being conducted by blockchain expert ZachXBT.

The UK aims to recognise digital assets as personal property, creating a new legal framework for cryptocurrencies and NFTs.

The UK’s new legislation classifies digital assets as personal property, providing legal protection but raising concerns about potential taxation and government control.

As Wallet seeks to overcome regulatory hurdles in the UK, its temporary suspension of services highlights the ongoing tension between the crypto industry and global regulators. Telegram’s continued efforts to integrate crypto functionality, however, suggest that the platform remains committed to exploring the potential of digital assets despite these challenges.

Habibur Rahman, 37, from East Ham, London, becomes the first person in the UK to face criminal charges for operating an unregistered crypto ATM

Craig Wright has filed an appeal against a UK court ruling, but controversy surrounds the timing of the submission and allegations regarding the use of AI in drafting the appeal.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

Telegram Wallet has temporarily suspended UK operations for compliance with FCA regulations. Users can withdraw assets, and the suspension is separate from legal issues faced by Telegram’s CEO, Pavel Durov.