The government has announced it is effectively ending all prosecutions related to crimes committed during the Northern Ireland Troubles.
Described as a de facto amnesty for former British soldiers and former paramilitaries, the new statute of limitations will apply to incidents prior to the 1998 Good Friday Agreement.
It was confirmed in parliament on Wednesday by Northern Ireland Secretary Brandon Lewis.
Image: Many victims say they can’t believe veterans would want an amnesty that also applies to the very terrorists who murdered their comrades
“We know that the prospect of the end of criminal prosecutions will be difficult for some to accept and this is not a position we take lightly,” he told MPs.
“But we’ve come to the view that this is the best and only way to facilitate an effective information retrieval and provision process, and the best way to help Northern Ireland move further along the road to reconciliation.
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“It is in reality a painful recognition of the very reality of where we are.”
Mr Lewis said it was “clear the current system for dealing with the legacy of the Troubles is not working”.
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“It’s now a difficult, in fact painful, truth that the focus on criminal investigations is increasingly unlikely to deliver successful criminal justice outcomes, but all the while it continues to divide communities and it fails to obtain answers for a majority of victims and families,” he added.
Mr Lewis said the government would legislate to set up a new independent body to focus on the recovery and provision of information about Troubles-related deaths and most serious injuries.
“This body will be focused on helping families to find out the truth of what happened to their loved ones. Where families do not want the past raked over again they would be able to make this clear,” he said.
Image: Mr Lewis said it was ‘clear the current system for dealing with the legacy of the Troubles is not working’
“For those families that want to get answers, the body will have the full powers to seek access to information and find out what happened.”
The move is opposed by all five of the main political parties in Northern Ireland and by the Irish government.
Democratic Unionist Party leader Sir Jeffrey Donaldson said it would be “rejected by everyone in Northern Ireland who stands for justice and the rule of law”.
It has been driven by a government pledge to end the historical prosecution of soldiers who served in Northern Ireland.
But many victims say they can’t believe veterans would want an amnesty that also applies to the very terrorists who murdered their comrades.
It is 30 years since Kathleen Gillespie’s husband Patsy was murdered in a particularly brutal IRA attack.
They chained him to a van containing a bomb, held his family at gunpoint and ordered him to drive it to a military base.
The 1,200lb bomb exploded at the Coshquin base near the border, killing the father-of-three and five British soldiers.
Kathleen said: “I feel robbed. I have this thing in my head that when it’s an important person that’s been killed, their thing is investigated and their thing is solved.
“We’re just the ordinary common people so it’s alright to push us to the one side,” she added.
Thirteen civilians were shot dead and a 14th fatally wounded when the British Parachute Regiment opened fire in Londonderry in January 1972.
Only one veteran was charged with murder but the case against ‘Soldier F’ was halted last week by public prosecutors.
Mickey McKinney, whose brother William was one of the victims, feels an amnesty only adds to the pain of Bloody Sunday.
Forty-nine years on, his memories of 30 January, 1972, remain vivid and he is fiercely opposed to any statute of limitations in Northern Ireland.
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July: Troubles case against ex-soldiers ends
He recalled: “We were trying to escape the effects of the gas and I remember turning round and I saw the Paras coming in.
“I don’t trust the British government. Would you trust them if they murdered your brother and told lies about him?”
Relatives of victims of the Birmingham pub bombings have described the plans as “obscene”.
Julie Hambleton, whose older sister Maxine was among 21 people killed in the 1974 blasts in Birmingham, has written to Prime Minister Boris Johnson on behalf of the Justice 4 The 21 campaign group to decry the planned legislation.
“Tell me prime minister, if one of your loved ones was blown up beyond recognition, where you were only able to identify your son or daughter by their fingernails because their face had been burned so severely from the blast and little of their remains were left intact, would you be so quick to agree to such obscene legislation being implemented?” Ms Hambleton asked.
“You would do everything in your power to find the murderers and bring them to justice, which is exactly what we campaign for every day.”
An official from the Bank of Russia suggested easing restrictions on cryptocurrencies in response to the sweeping sanctions imposed on the country.
According to a Monday report by local news outlet Kommersant, Bank of Russia First Deputy Governor Vladimir Chistyukhin said the regulator is discussing easing regulations for cryptocurrencies. He explicitly linked the rationale for this effort to the sanctions imposed on Russia by Western countries following its invasion of Ukraine in February 2022.
Chistyukhin said that easing the crypto rules is particularly relevant when Russia and Russians are subject to restrictions “on the use of normal currencies for making payments abroad.”
Chistyukhin said he expects Russia’s central bank to reach an agreement with the Ministry of Finance on this issue by the end of this month. The central issue being discussed is the removal of the requirement to meet the “super-qualified investor” criteria for buying and selling crypto with actual delivery. The requirement was introduced in late April when Russia’s finance ministry and central bank were launching a crypto exchange.
The super-qualified investor classification, created earlier this year, is defined by wealth and income thresholds of over 100 million rubles ($1.3 million) or an annual income of at least 50 million rubles.
This limits access to cryptocurrencies for transactions or investment to only the wealthiest few in Russian society. “We are discussing the feasibility of using ‘superquals’ in the new regulation of crypto assets,” Chistyukhin said, in an apparent shifting approach to the restrictive regulation.
Russia has been hit with sweeping Western sanctions for years, and regulators in the United States and Europe have increasingly targeted crypto-based efforts to evade those measures.
In late October, the European Union adopted its 19th sanctions package against Russia, including restrictions on cryptocurrency platforms. This also included sanctions against the A7A5 ruble-backed stablecoin, which EU authorities described as “a prominent tool for financing activities supporting the war of aggression.”
Bitcoin’s latest pullback may already be bottoming out, with asset manager Grayscale arguing that the market is on track to break the traditional four-year halving cycle and potentially set new all-time highs in 2026.
Some indicators are already pointing to a local bottom, not a prolonged drawdown, including Bitcoin’s (BTC) elevated option skew rising above 4, which signals that investors have already hedged “extensively” for downside exposure.
Despite a 32% decline, Bitcoin is on track to disrupt the traditional four-year halving cycle, wrote Grayscale in a Monday research report. “Although the outlook is uncertain, we believe the four-year cycle thesis will prove to be incorrect, and that Bitcoin’s price will potentially make new highs next year,” the report said.
Bitcoin pullback, compared to previous drawdowns. Source: research.grayscale.com
Still, Bitcoin’s short-term recovery remains limited until some of the main flow indicators stage a reversal, including futures open interest, exchange-traded fund (ETF) inflows and selling from long-term Bitcoin holders.
US spot Bitcoin ETFs, one of the main drivers of Bitcoin’s momentum in 2025, added significant downside pressure in November, racking up $3.48 billion in net negative outflows in their second-worst month on record, according to Farside Investors.
Bitcoin ETF Flow, in USD, million. Source: Farside Investors
More recently, though, the tide has started to turn. The funds have now logged four consecutive days of inflows, including a modest $8.5 million on Monday, suggesting ETF buyer appetite is slowly returning after the sell-off.
While market positioning suggests a “leverage reset rather than a sentiment break,” the key question is whether Bitcoin can “reclaim the low-$90,000s to avoid sliding toward mid-to-low-$80,000 support,” Iliya Kalchev, dispatch analyst at digital asset platform Nexo, told Cointelegraph.
Fed policy and US crypto bill loom as 2026 catalysts
Crypto market watchers now await the largest “swing factor,” the US Federal Reserve’s interest rate decision on Dec. 10. The Fed’s decision and monetary policy guidance will serve as a significant catalyst for 2026, according to Grayscale.
Markets are pricing in an 87% chance of a 25 basis point interest rate cut, up from 63% a month ago, according to the CME Group’s FedWatch tool.
Later in 2026, Grayscale said continued progress toward the Digital Asset Market Structure bill may act as another catalyst for driving “institutional investment in the industry.” However, for more progress to be made, crypto needs to remain a “bipartisan issue,” and not turn into a partisan topic for the midterm US elections.
That effort effectively began with the passage of the CLARITY Act in the House of Representatives, which moved forward in July as part of the Republicans’ “crypto week” agenda. Senate leaders have said they plan to “build on” the House bill under the banner of the Responsible Financial Innovation Act, aiming to set a broader framework for digital asset markets.
The bill is currently under consideration in the Republican-led Senate Agriculture Committee and the Senate Banking Committee. Senate Banking Chair Tim Scott said in November that the committee planned to have the bill ready for signing into law by early 2026.
Poland’s President Karol Nawrocki declined to sign a bill imposing strict regulations on the crypto asset market, drawing praise from the crypto community and sharp criticism from others in the government.
Nawrocki vetoed Poland’s Crypto-Asset Market Act, saying its provisions “genuinely threaten the freedoms of Poles, their property, and the stability of the state,” according to a statement by the president’s press office on Monday.
Introduced in June, the bill has drawn criticism from industry advocates such as Polish politician Tomasz Mentzen, who had anticipated the president’s refusal to sign it as it cleared parliamentary approval.
Although crypto advocates welcomed the veto as a win for the market, several government officials condemned the move, claiming the president had “chosen chaos” and must bear full responsibility for the outcome.
Why the president vetoed the bill
One of the main reasons cited for the veto was a provision allowing authorities to easily block websites operating in the crypto market.
“Domain blocking laws are opaque and can lead to abuse,” the president’s office said in an official news release.
The president’s office also cited the bill’s widely criticized length, saying its complexity reduces transparency and would lead to “overregulation,” especially when compared with simpler frameworks in the Czech Republic, Slovakia and Hungary.
Source: Press office of Polish President Karol Nawrocki (post translated by X)
“Overregulation is an easy way to drive companies to the Czech Republic, Lithuania or Malta, rather than create conditions for them to operate and pay taxes in Poland,” the president said.
Nawrocki also highlighted the excessive amount of supervisory fees, which may prevent startup activity and favor foreign corporations and banks.
“This is a reversal of logic, killing off a competitive market and a serious threat to innovation,” he said.
Critics jump in: “The president chose chaos”
Nawrocki’s veto has triggered a strong backlash from top Polish officials, including Finance Minister Andrzej Domański and Deputy Prime Minister and Minister of Foreign Affairs Radosław Sikorski.
Domański warned on X that “already now 20% of clients are losing their money as a result of abuses in this market,” accusing the president of having “chosen chaos” and saying he bears full responsibility for the fallout.
Sikorski echoed the concern, saying that the bill was supposed to regulate the crypto market. “When the bubble bursts and thousands of Poles lose their savings, at least they will know who to thank,” Sikorski argued on X.
Source: Finance Minister Andrzej Domański (posts translated by X)
Crypto advocates, including Polish economist Krzysztof Piech, quickly pushed back, arguing that the president cannot be held responsible for authorities failing to pursue scammers.
He also noted that the European Union’s Markets in Crypto-Assets Regulation (MiCA) is set to provide investor protections across all EU member states starting July 1, 2026.