A joint US–UK–Canada enforcement action called Operation Atlantic froze more than $12 million tied to crypto approval phishing schemes and identified over 20,000 victims. Authorities say the move disrupted cash-out channels and underscores growing cross-border cooperation on digital asset crime.
BitMEX co-founder Ben Delo has donated £4.3m (about $5.4m) to Reform UK, fueling renewed debate over cryptocurrency contributions in British politics. The gift arrives amid growing calls for clearer rules and transparency on crypto political funding.
British authorities have sanctioned Xinbi and associated crypto platforms in a crackdown on a Southeast Asian scam network. The measures target services alleged to have enabled large-scale online fraud and serious human rights abuses.
On March 25, 2026 the UK government suspended cryptocurrency donations to political parties after the Rycroft review warned that the anonymity of digital assets could facilitate foreign interference and undermine democratic transparency.
Circle executive Dante Disparte told the House of Lords committee that the UK should combine the clarity of the EU's MiCA rules with principles from the US GENIUS Act to create a competitive rulebook for stablecoins like USDC.
A cross‑party UK committee has urged an immediate ban on 'high‑risk' cryptocurrency donations, warning they open fresh channels for foreign interference and are hard to verify under current rules. The move pressures regulators and lawmakers to act quickly to close gaps in political finance oversight.
The Bank of England is reported to be reconsidering a proposed cap on institutional stablecoin holdings after heavy criticism from industry groups, a development that could ease regulatory pressure on crypto firms in the UK.
Revolut has been granted a full UK banking license, advancing its plan to become a global digital bank while keeping crypto and stock trading under separate structures. The move could broaden the firm's regulated product set and strengthen customer trust.
Cassie Craddock, CEO and Managing Director of Ripple Labs UK, said on X on March 6, 2026 that Ripple has reached a new milestone in the region tied to its regulatory efforts. The company framed the development as part of its ongoing work as a crypto industry operator.
A former Labour minister warned that foreign 'enemies of democracy' are using cryptocurrency donations to destabilise British politics, prompting renewed calls to ban such contributions. Critics argue anonymity and cross-border transfers complicate enforcement and threaten electoral integrity.