The next king, Carlos III, has assets with an estimated value of 2.2 billion dollars before his coronation, enriching himself significantly. These assets include property, jewelry, investments, horses, cars, artwork, and rare stamps, among others. Thanks to an agreement signed in 1993 that covers the legacies of the sovereigns, the new king will not have to pay the 40% inheritance tax.

Although Buckingham Palace has refused to provide any information on the next monarch’s fortune, it has insisted that his wealth remains “private”. Buckingham Palace and Windsor Castle are two of the official residences of Carlos III, since they are part of the Crown Estate, whose value is estimated at around 19,466 million dollars.

Although these properties are not the king’s private property, he has the right to reside in them as long as he occupies the throne. As reported by The National News, the monarch will not be allowed to sell or give away these properties.

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Source: Descifrado

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The Bank of England (BoE) is studying a new set of regulations that includes limiting payments made using stablecoins.

According to statements this Monday by the entity’s lieutenant governor, Jon Cunliffe, during the annual Innovate Finance conference, “the need to regulate digital assets amid an accelerated trend towards digitalization in the financial field” has been raised.

In his speech, Cunliffe highlighted the benefits of technological advances in the financial area, but also warned about the need for strict and clear regulations regarding payments in digital currencies and risk reduction.

Referring to blockchain, cryptocurrency, tokenization, and smart contracts, among others, the BoE deputy governor, stablecoins should “meet the same standards that apply to traditional banking entities.”

The proposal to limit payments made with stablecoins comes to the fore amid discussion by the UK Parliament on “the Financial Services and Markets Bill, which will help regulators set rules for cryptocurrencies and incorporate stablecoins into existing payment legislation.”

Cunliffe highlighted the importance of a tokenized banking system, adding: “This will allow both banks and non-banks wishing to develop payment solutions using new technologies to clearly understand what is possible and what is required in the respective regulatory regimes.”

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Source: diariobitcoin

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The most recent banking crisis has led the European Central Bank to coordinate a plan that guarantees dollar liquidity, for now, until the end of April.

The ECB is working with the Fed, the central banks of England, Canada and Japan, as well as the Swiss National Bank. The plan provides for offering dollars for seven days, through daily operations, from now until the end of next April.

The agreement for currency exchange lines in dollars focuses on the banks that already offer these financings, increasing the frequency of operations.

The President of the ECB, Christine Lagarde, has assessed the decision of the financial and banking authorities as positive and timely, as well as fast, in order to provide confidence and security in the midst of the turbulence.

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Source: antena3

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The British Mint announced that starting next year, a coin honoring the writer J.R.R. Tolkien, creator of The Lord of the Rings, will be available.

On the occasion of celebrating the life and work of the Englishman, the organization announced that by January 3, 2023 it will mint a special piece.

This will not be the only coin they will work on since, due to the death of Queen Elizabeth II, the Mint will have to mint the new ones with the face of King Carlos.

Tolkien was a British writer and university professor, best known for authoring the classic heroic fantasy novels The Hobbit, The Silmarillion, and The Lord of the Rings.

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Source: Anillo Unico

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Buckingham Palace announced that the coronation of King Charles III of England will take place on May 6, 2023 at Westminster Abbey in London, in a historic ceremony in which Camila will also be designated queen consort, although in a event with less pomp and pageantry.

Carlos III acceded to the throne a month ago now after the long reign of his mother Isabel II. The new monarch will be crowned at the age of 74 and will thus become the latest coronation in the history of this monarchy, as well as the first in almost 70 years.

Buckingham said the symbolic ceremony will combine “long-standing” traditions while “reflecting the role of the monarch today” with a look “to the future.”

The anointing will be presided over and blessed by the Archbishop of Canterbury and it is expected that it will not last for almost three hours as it did for Elizabeth II, nor will it have such a large guest list. The coronation date will also coincide with the fourth birthday of his great-grandson Archie, son of his grandson Enrique and Meghan Marckle, the Dukes of Sussex.

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Source: Hola

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Queen Elizabeth II of England has died at the age of 96, ending an unprecedented reign of more than 70 years and marking the ascent to the throne of her eldest son, Prince Charles, aged 73, reports the Palace of Buckingham.

The state of health of the monarch had worsened in recent months, marked by her mobility problems and her repeated absences in especially symbolic acts. This same week, she received the new prime minister, Liz Truss, at the Balmoral residence (Scotland), instead of at Buckingham Palace as was the tradition.

Already on Wednesday she canceled her agenda and this Thursday the Royal House confirmed that her health condition had worsened. Her close relatives, including her heir, have traveled to Balmoral to accompany the queen in her last moments.

The queen came to the throne in February 1952, after the death of her father, George VI, who had assumed the crown by the abdication of his brother. In all this time, she had never shown signs of following in the footsteps of other European monarchs and abdicating in favor of her son.

Elizabeth II was married for 73 years to Prince Philip Duke of Edinburgh, who died in April 2021. The couple had four children, eight grandchildren and twelve great-grandchildren.

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Source: dpa

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The English team Manchester City announced that Sony will take the development of its “Etihad” stadium to the Metaverse.

On February 18, the current champion of the English Premier League signed a three-year agreement with Sony, which will be in charge of all the development at the virtual reality level to introduce the stadium in the universe.

With this it is hoped that the fans of the “citizens” can enjoy all the advantages that this virtual stadium will offer. It is even expected that they will be able to watch the games within this space.

The team is breaking down geographical barriers for fans who want to be part of a live or recorded match by starting construction of the virtual Etihad Stadium.

“The idea of ​​having a Metaverse is that you can recreate a game, you can watch the game live, you are part of the action in a different way through different angles and you can fill the stadium as much as you want because it is limitless, it is completely virtual”, highlighted Nuria Tarre, director of marketing of the City Football Group.

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Source: Cointelegraph

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The United Kingdom announced that it will seek to join the Treaty to which Mexico, the United States and Canada are parties.

After having abandoned its plan to reach an agreement with the US government, Prime Minister Boris Johnson’s administration will try in every way to join the trilateral treaty.

Johnson met this week in person with US President Joe Biden, who allegedly made it clear that the agreement between the two nations is not a priority.

After the political and economic divorce between the United Kingdom and the European Union, the prime minister bet on negotiating a trade agreement with the United States. Then-President Donald Trump left the door open to that possibility, but nothing happened during his administration.

Joining the T-MEC is, at the moment, one of several options that the UK will seek. There is also the possibility that it will conclude several smaller agreements with the US.

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Source: Elfinanciero

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The United Kingdom registered 29.06 million workers in the month of August, which means recovering the level of employment that was observed in February 2020, before the Covid-19 pandemic began to affect the economy of the country, according to the first estimate published this Tuesday by the British Office for National Statistics (ONS).

Compared to August 2020, the number of workers grew by 3 %, equivalent to 836,000 more employed persons, while in comparison with the previous month, an additional 240,833 people were registered on the payroll, 0.8 % more. If the estimate of the data is compared with February 2020, the number of employees has grown by about 1,000 workers.

On the other hand, the ONS estimated that the median salary in the eighth month of the year was 1,980 pounds, 5.3% more than in the same month of 2020. In February of last year, before the pandemic, the median salary It was 1,859 pounds, so it was up 6.5%.

From May to July, the UK unemployment rate dropped by one tenth to 4.6 %. The unemployment figure is still six tenths higher than that registered in the quarter from December 2019 to February 2020, the last three-month period before the pandemic hit the economy.

Source: dpa

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