General

The UK government has repeatedly expressed its ambition to establish the country as a crypto hub. However, 2024 saw limited progress in regulatory developments, and with ongoing political shifts, the crypto industry has been left speculating about the next steps. Despite the uncertainty, there have been notable remarks that may provide hints about the future regulatory roadmap. While clarity is still lacking, and it remains to be seen how these plans will translate into concrete actions, this article explores the potential changes on the horizon.

The U.S. Department of State in collaboration with the U.S. Department of Justice, the Federal Bureau of Investigation, the United Kingdom’s National Crime Agency, the Australian Federal Police, and other international partners, have taken a significant step against the infamous LockBit ransomware group. On May 7th, 2024 the United States designated Dmitry Yuryevich Khoroshev as the leader of LockBit and offered a reward of up to $10 million for information leading to his arrest or conviction.