Altcoin News Official Today TheBitTimes.com

UK authorised funds can now develop and implement tokenisation models. The green light comes after the Technology Working Group of the Government’s Asset Management Taskforce published its report on UK fund tokenisation. The HM Treasury and the Financial Conduct Authority (FCA) collaborated on the initiative. UK investment funds have the approval to develop tokenisation, with the development coming after the establishment of a government taskforce on asset management earlier this year. The announcement follows the publication of a report on tokenisation by the Technology Working Group of the Government’s Asset Management Taskforce, the Investment Association (IA) said in a press release. According to the industry body, the ‘ UK Fund Tokenisation – A Blueprint for Implementation ‘ report includes input from HM Treasury and the Financial Conduct Authority (FCA) and provides for a roadmap on use of distributed ledger technology (DL...

Hundreds of investors from a small idyllic village in the UK have seen their investments plummet after a pub landlord convinced them to invest in Koda, a crypto project that would supposedly turn them into “millionaires,” according to a BBC documentary.  Koda was launched in the summer of 2021 by James Gale, who was soon after known as ‘the Wolf of Crypto.’ The token was pitched as an alternative to fiat currency that Gale promised would “make everyone involved in the project millionaires.” Koda was publicized by national papers and caught the hearts of the UK village of Winchmore Hill, northeast of Slough. Pete Gilbert, the landlord of the Potters Arms pub, was the first to invest. He told The Sun, “I can smell money from a mile away and this stinks of it more than anything I’ve experienced in my whole life.” Gilbert convinced friends, family, and pub regulars from the village to buy the crypto. The landlord even set up crypto nights at the pub with members of the Koda ...