UK regulators target Revolut for 'material misstatement' in audit: Report
News, Regulation, revolut, united kingdom

UK regulators target Revolut for ‘material misstatement’ in audit: Report

The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut tha included an “unacceptably high” risk of “material misstatement.” According to a Monday report from the Financial Times, the U.K. Financial Reporting Council criticized the results of a Revolut audit released in July by accountancy and business advisory firm BDO, claiming the…

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Liz Truss, who said UK 'should welcome cryptocurrencies' will be the next prime minister
government, Law, News, Politics, Regulation, united kingdom

Liz Truss, who said UK ‘should welcome cryptocurrencies’ will be the next prime minister

After a race to be the next leader of the Conservative Party, Secretary of State for foreign, commonwealth and development affairs Liz Truss has defeated f​​ormer chancellor of the exchequer Rishi Sunak to become the next prime minister of the United Kingdom. Boris Johnson, who served as the U.K. prime minister since 2019, will be on his way out of…

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