Explained
A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice.
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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After banning retail access to crypto ETNs and derivatives in 2021, the FCA has reversed its approach in favor of ETN access for retail.
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In 2025, governments hold over 463,000 BTC, with the US and China leading, while countries like Bhutan, Iran and the UK quietly build strategic reserves.
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Coinbase’s satirical video takes aim at Britain’s struggling economy as data shows almost half of UK adults are financially vulnerable.
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Hedge fund manager Ray Dalio suggests investors put 15% into store-of-value assets amid America’s debt crisis.
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The crypto industry in the UK is pushing for the government to change the rules of the road, and it just may be working.
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Satsuma Technology raised $135 million to fund one of the UK's biggest single Bitcoin treasury acquisitions, positioning itself as a top regional BTC holder.
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The UK central bank is considering abandoning its digital pound plans as its Governor Andrew Bailey favors private payment innovations over a state-backed CBDC.
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The UK will prohibit its public sector, such as its health service and local councils, from paying ransomware in a bid to “smash the cyber criminal business model.”
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A new report suggests the UK Treasury is working to sell up to $7 billion worth of seized Bitcoin, but one person has slammed the report as “sensationalism” amid a crypto bull run.
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Bitcoiner Peter McCormack says the police "have failed" the town of Bedford and insists he can do a better job by deploying his own security team.
11568 - Analysis
UK lawmakers are taking sides over the issue of cryptocurrencies as parliamentarians look to update campaign donation laws.
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The UK has jailed a former National Crime Agency officer who stole and spent Bitcoin seized from Silk Road 2.0 co-founder Thomas White.
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After rolling out Bitcoin and Ether spot trading, Standard Chartered plans to soon introduce crypto derivatives for institutional investors.
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Bank of England governor Andrew Bailey joins a growing list of European officials concerned with the rise of stablecoins.
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