UK Crypto Frenzy: KR1’s Bold Move to LSE!

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Imagine this: a crypto staking company from the Isle of Man, where the only thing more abundant than seagulls is the promise of quick riches, is trading its tiny Aquis exchange for the grandeur of the London Stock Exchange. Because nothing says “serious business” like a stock market that’s been around since the 1600s. 🚀💸

Co-founder Keld Van Schreven, ever the optimist, called the move a “starter gun for this new asset class on the LSE.” If only the starter gun could also double as a fire extinguisher, because I’m sure the LSE is about to catch fire with all this digital gold. 🎯

KR1, with a market cap of 56 million pounds (about $75 million), is the “first authentic digital asset company” to list on the LSE. Because nothing says “authentic” like a company that’s basically a fancy crypto wallet with a stock ticker. They’re not just holding Bitcoin; they’re investing in early-stage blockchain projects. Because nothing says “innovation” like throwing money at startups that might or might not be real. 🤯

Founded in 2014, KR1 has dabbled in over 100 digital asset investments. If only they had a “100 investments” shirt. And now they’re “doubling down on staking,” which, if I’m not mistaken, is just a fancy way of saying “putting your money in a savings account that might disappear overnight.” 📉

UK warms toward crypto

The UK’s FCA is now “receptive” to crypto, which is a fancy way of saying they’re trying not to be left behind. They’ve allowed crypto ETFs on the LSE and are planning a “comprehensive digital asset framework” next year. Because nothing says “comprehensive” like a regulatory framework that’s still in the planning stages. 🏦

The Bank of England is rethinking its stablecoin caps, which were 20,000 pounds for individuals and 10 million for companies. Because clearly, the UK’s economy is on the brink of collapse if you have more than 20,000 pounds in stablecoins. But now they’re considering exemptions for firms that need “larger reserves of fiat-pegged assets.” Because nothing says “trust” like a central bank that’s suddenly okay with companies hoarding cash. 💸

The BoE had initially proposed caps on stablecoin holdings, 20,000 pounds (about $27,000) for individuals and 10 million pounds (around $13 million) for companies. The shift comes amid global regulatory competition, especially from the GENIUS Act in the US, which offers clearer rules for digital asset firms. Because nothing says “competition” like a country that’s finally catching up to the 21st century. 🌍

Argo Blockchain to delist from LSE

Meanwhile, Argo Blockchain is delisting from the LSE, because nothing says “restructuring” like handing control to your biggest creditor. They’ll keep their Nasdaq listing, but only if they pass a reverse stock split. Because nothing says “financial stability” like a company that’s basically a cryptocurrency mining operation with a stock ticker. 🏭

The company will maintain its Nasdaq listing, subject to meeting compliance requirements, including a planned reverse stock split before January 2026. Because nothing says “compliance” like a company that’s still figuring out how to not crash and burn. ⚠️

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2025-10-28 10:38