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The government has unveiled its new definition of extremism as part of a drive to clamp down on Islamist and far-right extremism.

Some have warned the change could have a “chilling effect” on free speech, while others have said it doesn’t go far enough.

How has the definition changed, why has the government done it, and why is it under scrutiny? Here’s everything you need to know.

What is the new definition of extremism?

The definition describes extremism as “the promotion or advancement of an ideology based on violence, hatred or intolerance” that aims to “negate or destroy the fundamental rights and freedoms of others” or “undermine, overturn or replace the UK’s system of liberal parliamentary democracy and democratic rights”.

It also includes those who “intentionally create a permissive environment for others to achieve” either of those aims.

What was the old definition?

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The 2011 definition described extremism as “vocal or active opposition to fundamental British values, including democracy, the rule of law, individual liberty and mutual respect and tolerance of different faiths and belief” as well as “calls for the death of members of our armed forces”.

Why has the government changed it?

Communities Secretary Michael Gove told Sky News the new definition is seeking “specifically to respond to the increase in the amount of antisemitism and anti-Muslim hatred that we’ve seen on our streets and social media and elsewhere” since the Israel-Hamas war began.

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‘Not a restraint on free speech’

But he denied suggestions the change was intended to prevent people demonstrating, saying it was “not a restraint on free speech” and only applies to engagement with government.

Essentially, the government’s new definition means organisations that perhaps wouldn’t have fallen under the “extremism category” before will now do so, prohibiting them from being eligible for government support and funding.

“We know that there’s been cases in the past where individual extremist organisations have sought to take advantage of government patronage, money and influence in order to advance their agenda,” Mr Gove said.

“So today’s definition applies only to government and makes it clear that we will keep these organisations at arm’s length so they can’t benefit from access to government and its funds.”

He added the new definition isn’t statutory and is “about making sure that government uses its powers and its money in a wise way”.

Who specifically could be affected?

The government is not expected to publish a list of organisations covered by the new definition today, but have said they will do so in the coming weeks. Members of those groups will then be banned from meeting with ministers or other elected officials and will be unable to receive public money so they do not get a platform that could “legitimise” them through their association with the government.

However, in the House of Commons, Mr Gove has said certain groups will now be assessed against the new definition of extremism, and went on to list some organisations that will be looked at.

These include British National Socialist Movement and Patriotic Alternative. He also names the Muslim Association of Britain, as a British association of the Muslim Brotherhood, Cage and Mend.

Mr Gove insisted groups would only be deemed extremist after “a patient assessment of the evidence” and if they showed “a consistent pattern of behaviour”.

The government says it’s trying to identify all forms of extremism, including far-right groups. But many Muslims fear this will disproportionately affect them.

Why is the change being criticised?

While the new definition is being welcomed by some today, others have warned it could have a “chilling effect on free speech”.

Speaking during Prime Minister’s Questions this week, Miriam Cates, the co-leader of the influential New Conservatives group, said broadening the definition of extremism could have “a chilling effect on free speech”.

“In separating the definition of extremism from actual violence and harm, we may criminalise people with a wide range of legitimate views and have a chilling effect on free speech”.

Angela Rayner responded to Mr Gove’s statement in the House of Commons on behalf of the Labour Party and said: “Given this new definition, the public will rightly be alarmed at the idea that government ministers could already have met with extremist groups.

“Can the secretary of state shed some light on this? Renewed vigilance and diligence, these are welcome, particularly in the current climate, but if its own department now needs to cut ties with extremist groups, it begs the question why they were working with them in the first place.”

She also urged Mr Gove to explain which groups the change will affect and “where the government has chosen to draw the line”.

In response, Mr Gove promised that if an organisation is listed as extremist, the “evidence which leads us to that conclusion and the judgement that we have made will be there for everyone to see”.

Ms Rayner also went on to ask how a new centre of excellence on counter-terrorism will work, and sought confirmation the government will appoint a new adviser on Islamophobia.

Mr Gove replied that the centre of excellence will be staffed by civil servants, with the assistance of academics and academic bodies.

It will also work with the Home Office to ensure the work is “rigorous”.

Conservative peer Baroness Warsi also criticised the move, branding it a “divide and rule approach” intended to “breed division and encourage mistrust”.

And on Wednesday, the Archbishop of Canterbury, Justin Welby, warned the proposals risk “disproportionately targeting Muslim communities”.

A coalition of Muslim organisations echoed the archbishop’s sentiments, adding the move will “vilify the wrong people” and “risk more division”.

Signatories include groups which fear they may fall under the new definition, which has been announced as part of the government’s new counter-extremism strategy.

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Extremism redefinition will ‘vilify us’

CAGE International, Friends of Al-Aqsa (FOA), Muslim Association of Britain (MAB), Muslim Engagement and Development (MEND), and 5Pillars say “the proposed definition signals an attack on civil liberties by attacking law-abiding individuals and groups that oppose government policy by labelling them as ‘extremist'”.

A spokesperson for the coalition added: “This new extremism definition is a solution looking for a problem.

“It attacks one of the cherished cornerstones of our pluralistic democracy – that of free speech.

“Anyone, regardless of faith or political colour should be free to criticise the government of the day without being labelled as ‘extremist'”.

‘Doesn’t go far enough’

While some believe the change will have an adverse effect, others have suggested it might not have any real effect at all.

“If you really want to take action against hateful extremism, you need more than a definition for government administration, you need an action plan, you need a strategy,” Darren Jones, shadow chief secretary to the Treasury, has told Sky News.

He called for an update to the countering hateful extremism strategy, which he said is nine years out of date.

The government strategy introduced in 2015 was aimed at “countering all forms of extremism” and improving “our understanding of the causes and impacts of extremism”.

Mr Jones said the process through which groups would be named under the new definition “needs to be clarified”.

“It does seem that the design, the process and the accountability doesn’t seem quite right,” he said.

‘It’s a tweak’

Lord Mann, the government’s independent adviser on antisemitism, has described the new extremism definition as a “tweak”.

“I think it’s probably a helpful tweak,” he told Sky News, but went on to stress the need for it in legislation.

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New definition of extremism just a ‘tweak’

He said he wanted to see the government put “maximum effort” into bringing communities together to tackle division which is “damaging the Jewish community”.

He also urged caution on the “politics of division”, warning that “if there’s division in society, the biggest loser will always be the Jewish community”.

Lord Mann was among a number of signatories who signed a statement this week calling for “as broad a consensus as possible” in facing down extremism, and a guarantee that “no political party uses the issue to seek short-term tactical advantage”.

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

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Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

The new trade tariffs announced by US President Donald Trump may place added pressure on the Bitcoin mining ecosystem both domestically and globally, according to one industry executive.

While the US is home to Bitcoin (BTC) mining manufacturing firms such as Auradine, it’s still “not possible to make the whole supply chain, including materials, US-based,” Kristian Csepcsar, chief marketing officer at BTC mining tech provider Braiins, told Cointelegraph.

On April 2, Trump announced sweeping tariffs, imposing a 10% tariff on all countries that export to the US and introducing “reciprocal” levies targeting America’s key trading partners.

Community members have debated the potential effects of the tariffs on Bitcoin, with some saying their impact has been overstated, while others see them as a significant threat.

Tariffs compound existing mining challenges

Csepcsar said the mining industry is already experiencing tough times, pointing to key indicators like the BTC hashprice.

Hashprice — a measure of a miner’s daily revenue per unit of hash power spent to mine BTC blocks — has been on the decline since 2022 and dropped to all-time lows of $50 for the first time in 2024.

According to data from Bitbo, the BTC hashprice was still hovering around all-time low levels of $53 on March 30.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Bitcoin hashprice since late 2013. Source: Bitbo

“Hashprice is the key metric miners follow to understand their bottom line. It is how many dollars one terahash makes a day. A key profitability metric, and it is at all-time lows, ever,” Csepcsar said.

He added that mining equipment tariffs were already increasing under the Biden administration in 2024, and cited comments from Summer Meng, general manager at Chinese crypto mining supplier Bitmars.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: Summer Meng

“But they keep getting stricter under Trump,” Csepcsar added, referring to companies such as the China-based Bitmain — the world’s largest ASIC manufacturer — which is subject to the new tariffs.

Trump’s latest measures include a 34% additional tariff on top of an existing 20% levy for Chinese mining imports. In response, China reportedly imposed its own retaliatory tariffs on April 4.

BTC mining firms to “lose in the short term”

Csepcsar also noted that cutting-edge chips for crypto mining are currently massively produced in countries like Taiwan and South Korea, which were hit by new 32% and 25% tariffs, respectively.

“It will take a decade for the US to catch up with cutting-edge chip manufacturing. So again, companies, including American ones, lose in the short term,” he said.

Trump tariffs squeeze already struggling Bitcoin miners — Braiins exec

Source: jmhorp

Csepcsar also observed that some countries in the Commonwealth of Independent States region, including Russia and Kazakhstan, have been beefing up mining efforts and could potentially overtake the US in hashrate dominance.

Related: Bitcoin mining using coal energy down 43% since 2011 — Report

“If we continue to see trade war, these regions with low tariffs and more favorable mining conditions can see a major boom,” Csepcsar warned.

As the newly announced tariffs potentially hurt Bitcoin mining both globally and in the US, it may become more difficult for Trump to keep his promise of making the US the global mining leader.

Trump’s stance on crypto has shifted multiple times over the years. As his administration embraces a more pro-crypto agenda, it remains to be seen how the latest economic policies will impact his long-term strategy for digital assets.

Magazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler’s Digest, March 23 – 29

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Malta regulator fines OKX crypto exchange $1.2M for past AML breaches

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Malta regulator fines OKX crypto exchange .2M for past AML breaches

Malta regulator fines OKX crypto exchange .2M for past AML breaches

Cryptocurrency exchange OKX is under renewed regulatory scrutiny in Europe after Maltese authorities issued a major fine for violations of Anti-Money Laundering (AML) laws.

Malta’s Financial Intelligence Analysis Unit (FIAU) fined Okcoin Europe — OKX’s Europe-based subsidiary — 1.1 million euros ($1.2 million) after detecting multiple AML failures on the platform in the past, the authority announced on April 3.

While admitting that OKX has significantly improved its AML policies in the past 18 months, the authority “could not ignore” its past compliance failures from 2023, “some of which were deemed to be serious and systematic,” the FIAU notice said.

OKX was among the first crypto exchanges to receive a license under Europe’s new Markets in Crypto-Assets (MiCA) regulation via its Malta hub in January 2025.

The news of the $1.2 million penalty in Malta came after Bloomberg in March reported that European Union regulators were probing OKX for laundering $100 million in funds from the Bybit hack.

Bybit CEO Ben Zhou previously claimed that OKX’s Web3 proxy allowed hackers to launder about $100 million, or 40,233 Ether (ETH), from the $1.5 billion hack that occurred in February.

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

Magazine: Stablecoin for cyber-scammers launches, Sony L2 drama: Asia Express

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US court fines UAE crypto firm CLS Global $428K for wash trading

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US court fines UAE crypto firm CLS Global 8K for wash trading

US court fines UAE crypto firm CLS Global 8K for wash trading

Authorities in the US state of Massachusetts continue targeting unlawful cryptocurrency market practices, with a local court fining crypto financial services firm CLS Global.

A federal court in Boston on April 2 sentenced CLS Global on criminal charges related to fraudulent manipulation of crypto trading volume, according to an announcement from the Massachusetts US Attorney’s Office.

In addition to a $428,059 fine, the court prohibited CLS Global from offering services in the US for a probation period of three years.

CLS Global, a crypto market maker registered in the United Arab Emirates, in January pleaded guilty to one count of conspiracy to commit market manipulation and one count of wire fraud.

CLS agreed to manipulate the FBI’s “trap token” NexFundAI

The charges against CLS Global followed an undercover law enforcement operation involving NexFundAI, a token created by the FBI as part of a sting operation in May 2024.

CLS Global was among at least three firms that took the FBI’s bait and agreed to provide “market maker services” for NexFundAI, including a fraudulent scheme to attract investors to purchase the token.

In October 2024, the Securities and Exchange Commission announced fraud charges against CLS and its employee, Andrey Zhorzhes. The US securities regulator also filed complaints against two other NexFundAI manipulators, Hong Kong-linked ZM Quant Investment and Russia-linked Gotbit Consulting.

CLS Global’s profile

According to CLS Global CEO Filipp Veselov, the company was founded in 2017 to fill in a “huge gap in the market for high-quality market-making solutions and trading consulting.”

Prior to CLS, Veselov worked at the Russian cryptocurrency exchange platform Latoken, which is advertised as a “global digital asset exchange” and has about 370,000 followers on X.

The CLS team also includes chief revenue officer Pavel Singaevskii, who previously served as sales manager at Stex, a crypto platform that reportedly ceased operations without warning in 2023.

US court fines UAE crypto firm CLS Global $428K for wash trading

Source: CLS Global

According to CLS Global’s X page, the platform continues operating and has more than 110,000 followers at the time of publication.

How much wash trading is in crypto?

Wash trading is an illegal practice involving artificially inflating trading volume by repeatedly buying and selling the same asset, generating a misleading perception of demand.

According to a January 2025 report by the US blockchain analytics firm Chainalysis, the crypto market has at least $2.6 billion in estimated wash traded volumes, or just about 2% of total daily crypto trading volumes, as reported by CoinGecko.

US court fines UAE crypto firm CLS Global $428K for wash trading

Estimated wash trade volume in crypto. Source: Chainalysis

Related: Russian Gotbit founder strikes $23M plea deal with US prosecutors

Some studies indicate that wash trading makes up a bigger share of the crypto market.

In 2022, the US National Bureau of Economic Research reported that illegal wash trading may account for as much as 70% of average trading volumes on unregulated exchanges.

Magazine: Financial nihilism in crypto is over — It’s time to dream big again

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