News
Justice Cotter said the husband has a high chance of succeeding based on the available evidence and recommended an early trial.
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United Kingdom News
The Financial Conduct Authority (FCA) serves as the primary financial regulatory body in the United Kingdom. While the FCA ensures that crypto asset firms adhere to effective Anti-Money Laundering and Counter-Terrorist Financing procedures, crypto assets themselves generally remain unregulated. Notably, security tokens, possessing characteristics similar to specified investments such as shares or debt instruments, are the sole FCA-regulated crypto assets.
In the U.K., cryptocurrency taxation is outlined in His Majesty’s Revenue and Customs “Cryptoassets Manual.” Cryptocurrencies are categorized into exchange tokens (used for payment), security tokens (representing interests in businesses), utility tokens (providing access to services) and stablecoins (pegged to fiat money).
Individuals holding crypto assets are taxed on profits, including from airdrops, mining and salary payments. Capital gains tax applies, with a £12,570 tax-free allowance for 2023. Gains exceeding this limit are taxed at 20% to 40%, rising to 45% for higher incomes. Unlike the United States, the U.K. lacks separate short-term and long-term capital gains tax rates, with taxation determined by one’s income tax band, emphasizing the importance of understanding specific transaction types and applicable tax regulations.
A significant development occurred on June 8, 2023, when the FCA published a policy statement (PS23/6), expanding its oversight to include crypto asset promotions. This marked the first time crypto asset promotions fell under the FCA’s regulatory purview, indicating an important step in regulating the U.K. crypto industry.
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Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.
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Hana Financial Group will collaborate with Standard Chartered on digital assets following its stablecoin partnership with USDC issuer Circle earlier in March.
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Johnson said that he could understand why gold and Pokémon cards have investment appeal but not Bitcoin, which he characterized as a scam.
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The Bank of England is open to fixes on its proposed stablecoin framework, but one official said it needs better feedback from crypto industry participants.
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Chinese investors defrauded in the Zhimin Qian case are asking the UK High Court to reject a redress plan for 61,000 seized Bitcoin, saying it could deprive them of the assets’ gains.
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Industry groups have criticized the UK’s proposed stablecoin holding limits, arguing they would signal that the UK is hostile to crypto and stifle innovation.
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The financial tech company was granted a full UK banking license on Wednesday and has also applied for a federal bank charter in the United States.
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A policy paper from the UK government's Home Office said that “vulnerabilities remain” in authorities' attempts to fight fraud in emerging payments, including digital assets.
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Nigel Farage has acquired a 6.31% stake in the London-listed Bitcoin treasury company Stack BTC amid broader scrutiny over crypto donations in UK politics.
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xAI’s Grok drew massive attention on X after delivering profanity-filled roasts of Elon Musk, Benjamin Netanyahu and Keir Starmer following user prompts.
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Nigel Farage’s Reform UK reportedly secured a second boost of 3 million British pounds ($4 million) from Thailand-based crypto investor Christopher Harborne
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Lawmakers asked if stablecoins could drain bank deposits and threaten financial stability, while Coinbase and Innovate Finance warned that strict regulation risks driving innovation offshore.
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The Reform UK party was the first to accept crypto donations in May last year, with leader Nigel Farage announcing the group is accepting Bitcoin and other cryptocurrency contributions.
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The UK Financial Conduct Authority selected Monee, ReStabilise, Revolut and VVTX to test stablecoin issuance and payments in its regulatory sandbox beginning in Q1 2026.
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