HSBC Holdings and Nationwide Building Society in the United Kingdom have banned retail customers from purchasing cryptocurrency with credit cards. They are the latest in a growing line of banks in the UK to tighten restrictions on digital assets.

UK authorities have raided several properties around Leeds suspected of hosting illegally operated cryptocurrency automatic teller machines (ATMs).

The U.K. Tax Reform Council has launched a campaign against the Bank of England's plan to introduce a central bank digital currency (CBDC). The non-profit organization warns that such a move could seriously harm individual privacy and lead to intrusive changes to the taxation system.

The United Kingdom’s financial regulator, Financial Conduct Authority (FCA), is coming for unregistered cryptocurrency automated teller machines (ATMs).

After 6 February’s announcement about crypto firms, the United Kingdom moved another step closer to launching a Central Bank Digital Currency (CBDC). On that note, there has been a consultation paper outlining the proposed digital pound, dubbed “Britcoin” by the public.

The central Bank of England and the UK Government will today, reportedly, formally start a consultation for the 'digital pound'.

According to the United Kingdom’s financial watchdog, new proposed advertising rules in the country could subject executives of crypto firms to up to two years in prison for failing to meet certain promotion requirements.

The Bank of England (BoE) and U.K. Treasury are gearing up plans to create a digital currency that could "provide a new way to pay" without necessarily replacing cash. On Feb. 7, a joint consultation paper on Central Bank Digital Currencies (CBDCs) is set to drop, with the BoE and Treasury seeking feedback on how, and if they should proceed with building a CBDC. In a Feb. 6 public statement, Finance Minister Jeremy Hunt indicated that the two entities would seek to develop a modernized digital payments system that doesn’t necessarily negate the use of cash. (Cointelegraph)

U.K. crypto companies were urged on Monday to prepare for new restrictions on financial promotions, with the Financial Conduct Authority warning that breaches can lead to a prison term of up to two years.

A top priority for Andrew Griffith, a UK MP and economic secretary to the Treasury, is to “deliver the Financial Services and Markets Bill" this year.