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Britain has begun preparations for a major clash with the EU by activating a key government committee to look at the fallout from suspending cooperation over Northern Ireland, Sky News has learnt.

Ministers are holding discussions inside the key cabinet committee, which oversaw Brexit fallout preparations, about the repercussions of triggering Article 16, which allows the UK to stop following some parts of the Northern Ireland Protocol.

The discussions on the practical implications of triggering the emergency mechanism in the Northern Ireland Protocol are being held in the “XO” cabinet committee, a pivotal institution inside government last year during Brexit talks when facing the threat of “no deal”.

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What is the Northern Ireland Protocol?

This committee has now been named as GB(O) committee or Global Britain (O) inside Whitehall.

Amid deteriorating relations with France and other EU capitals, Sky News understands the issue of “Article 16 readiness” is back on the agenda for a meeting shortly.

Government sources stress that the GB(O) Committee has already discussed the issue, and that the fact the issue is again on the agenda cannot be taken as a sign that Britain intends to trigger Article 16.

Negotiations with the EU over Northern Ireland are ongoing, and sources say that a negotiated outcome “is our focus and highly preferable”, not least because there is more flexibility in negotiations now than through the Article 16 process.

More on Brexit

Article 16 is an emergency break clause in the Northern Ireland Protocol that allows either the UK or EU to stop following some of the rules under certain circumstances.

Separately, cabinet ministers have been suggesting it could come as soon as mid to late November, after the COP26 climate change summit where the UK must work alongside the EU and the US, which is worried about such a move.

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‘There’s an issue’ with NI Protocol, says PM

Downing Street believes that negotiations cannot drag on forever, pointing to an end of November deadline for the current round of talks.

This comes as Sky News has learnt:

  • Brexit minister Lord Frost has been holding meetings to minimise Tory opposition in the event the government triggers Article 16. “The message was: trust us,” said one present
  • Cabinet ministers have told MPs that the triggering of Article 16 could come as early as mid November, after the COP climate change summit. The impending row could, however, overshadow the COP conference and make the negotiations harder
  • The EU also believes triggering Article 16 is now likely, with some senior figures suggesting the talks were going “into a ditch”
  • EU figures may entirely refuse to negotiate further with Britain in the event Article 16 is used, and just begin retaliatory measures

Relations are worsening over Britain’s Brexit deal, which keeps Northern Ireland tied to EU rules on goods and part of the single market, overseen by the European Court of Justice.

Britain says the EU has been implementing rules too stringently and wants the ECJ removed from oversight of the protocol, threatening to trigger Article 16 if they fail.

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Brexit: Still ‘big gap’ with EU/UK

The news that a critical committee is now discussing the fallout from triggering Article 16 will be seen as evidence that the chances of Britain triggering the move are growing.

Lord Frost has been meeting Tory MPs in order to minimise dissent in the event Boris Johnson decides to trigger Article 16.

One MP said: “The message was: trust us. He was saying please keep your head down on the issue and don’t interfere, arguing they did Brexit so they know what they’re doing.

“He pointed out that the Irish are in a difficult position, as are the French and the Germans don’t have a government.”

The Tory MP added that while they did not say triggering Article 16 was a certainty, he was making clear that MPs should be “prepared for all eventualities”.

The MP said they believed they wanted to get “beyond the bumps in the road” over issues such as fuel before triggering Article 16.

Tory MPs told Sky News they believed Lord Frost has largely squared off opposition from Remain-voting Tory MPs, some of whom were suspended before the last election for voting against Mr Johnson’s Brexit tactics.

“It will rally the troops”, one Tory MP who supported Remain said.

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Coinbase refuses $20M ransom after support agent data breach

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Coinbase refuses M ransom after support agent data breach

Coinbase refuses M ransom after support agent data breach

Coinbase, the world’s third-largest cryptocurrency exchange, was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said.

According to a May 15 blog post, Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.

“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.

Less than 1% of Coinbase’s monthly transacting users’ data was affected by the attack, the company said.

Coinbase refuses $20M ransom after support agent data breach
Source: Coinbase

After stealing the data, the attackers attempted to extort $20 million from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.

Related: Ukraine strategic Bitcoin reserve bill reportedly in final stages

Instead, the company announced it was offering a $20 million reward for information leading to the arrest and conviction of those responsible for the scheme.

Scammers often masquerade as recognizable brands to inspire a false sense of trust in their victims.

Coinbase refuses $20M ransom after support agent data breach
US brands impersonated by scammers the most. Source: Mailsuite

In 2024, Coinbase was the most impersonated cryptocurrency brand by scammers.

This is a developing story, and further information will be added as it becomes available.

Related: Top South Korean presidential hopefuls support legalizing Bitcoin ETFs

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Sir Keir Starmer in talks with ‘a number of countries’ over return hubs for failed asylum seekers

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Sir Keir Starmer in talks with 'a number of countries' over return hubs for failed asylum seekers

The UK is in talks with “a number of countries” about sending failed asylum seekers to return hubs in third countries, Sir Keir Starmer has said.

The prime minister confirmed the plan at a press conference alongside his Albanian counterpart Edi Rama in the country’s capital, Tirana.

Politics Live: Britain’s economy grew more than expected in first quarter of 2025

Sir Keir described the hubs as a “really important innovation” that complements other measures the government is taking to crack down on criminal smuggling gangs.

“We are in talks with a number of countries about return hubs,” he said.

“At the appropriate time, I’ll be able to give you further details in relation to it.”

Sir Keir did not say which countries he is in talks with, but Mr Rama suggested he is not open to hosting UK detention centres as Albania has already signed a deal for Italy to build them there.

“We have been asked by several countries if we were open to it, and we said no, because we are loyal to the marriage with Italy and the rest is just love,” he said.

Earlier, Sir Keir told GB News that the hubs would be for people whose asylum applications have failed and they have exhausted all avenues to appeal.

This is a different concept to the Tories’ failed Rwanda scheme which Sir Keir scrapped almost immediately after winning the general election.

The Rwanda plan involved deporting all people who arrived in the UK by unauthorised means to the east African country, where their asylum claims would be processed for them to settle there, not in Britain.

Return hubs would be an offshore location to hold migrants set to be returned to their home countries and who have no chance of remaining in the UK.

The Rwanda scheme failed to get off the ground before the Tories lost the election, despite millions spent, after it was repeatedly challenged in the courts.

Shadow home office minister Chris Philp today insisted it would have acted as a deterrent, whereas the return hubs are a “con on the British public”.

He said: “It’s better than nothing but it won’t work because most of the people crossing the Channel are of nationalities where they will get their asylum claims granted.

“It’s a con on the British public for Keir Starmer to claim these return hubs will have any practical effect.”

Mr Philp also called it a “slap in the face” and “humiliation” for the prime minister that Albania has already rejected the idea, saying he’d travelled all that way to “announce a few tweaks” to a cooperation deal that was put in place by the Conservatives.

This breaking news story is being updated and more details will be published shortly.

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Ukraine strategic Bitcoin reserve bill reportedly in final stages

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Ukraine strategic Bitcoin reserve bill reportedly in final stages

Ukraine strategic Bitcoin reserve bill reportedly in final stages

Ukraine is reportedly moving closer to adopting Bitcoin as a national reserve asset, a move that could bolster its financial resilience amid the ongoing war with Russia.

Lawmakers are reportedly working on a Bitcoin (BTC) national reserve proposal, with a draft bill in its final stages, according to Yaroslav Zhelezniak, a member of parliament who confirmed the plan to local media outlet Incrypted.

The proposal was announced during the CRYPTO 2025 conference in Kyiv on Feb. 6. “We will soon submit a draft law from the industry allowing the creation of crypto reserves,” Zhelezniak said.

Cointelegraph reached out to Zhelezniak for comment on the bill’s status but had not received a response by publication.

Related: Bitcoin treasury firms driving $200T hyperbitcoinization — Adam Back

Bitcoin has gained international attention as a national reserve asset since the election of US President Donald Trump in November 2024. On March 7, Trump signed an executive order to establish a national Bitcoin reserve seeded with BTC confiscated from criminal cases.

Ukraine strategic Bitcoin reserve bill reportedly in final stages
Source: Margo Martin

A month later, Swedish MP Rickard Nordin issued an open letter urging Finance Minister Elisabeth Svantesson to consider adopting Bitcoin as a national reserve asset, citing its growing recognition as a “hedge against inflation,” Cointelegraph reported on April 11.

Related: Satoshi Nakamoto turns 50 as Bitcoin becomes US reserve asset

Legal challenges may delay adoption

While Ukraine’s push for a national Bitcoin reserve marks a potentially historic shift in crypto policy, it may require “significant legal change,” according to Kyrylo Khomiakov, regional head of CEE, Central Asia and Africa, at crypto exchange Binance.

“We commend Ukraine’s ambition to establish a strategic crypto reserve,” he told Cointelegraph. “Implementing such a reserve would necessitate significant legal changes, indicating that this process will not be swift.”

He added, “Another positive aspect is that this initiative will likely lead to greater regulatory clarity in Ukraine, as the government will need to articulate its stance more clearly.”

Ukraine was reportedly planning to legalize cryptocurrencies in early 2025 with the finalization of a draft bill in coordination with the National Bank of Ukraine (NBU) and the International Monetary Fund (IMF), according to Daniil Getmantsev, head of the tax committee of the Verkhovna Rada.

On April 8, Ukraine’s financial regulator proposed taxing certain crypto transactions as personal income with a rate of up to 23%, excluding crypto-to-crypto transactions and stablecoins.

Not all voices in Ukraine’s crypto industry are optimistic about the timing of the proposal.

”The country is broke. More than 50% of the budget is in grants and loans from the European Union,” said Michael Chobanian, the founder of Ukraine-based Kuna exchange.

“The population is decreasing at the fastest rate in the world. Men are kidnapped and sent to the army against their will. What kind of BTC reserves are we talking about here? This is done only to divert your attention,” Chobanian claimed.

Magazine: Helping Ukraine without donating: Laura’s DeFi staking plan

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