Event Recap
A family-friendly day out in the southwest of the U.K. got the kids, adults and grandparents on their feet, learning about magic internet money and dancing to Bitcoin tunes.
2297
United Kingdom News
There are no strict regulations on Bitcoin in UK. Bitcoin has no established legal status but is commonly treated as a foreign currency for most purposes, including value-added and goods-and-service taxes. Cryptocurrencies profits and losses are subject to capital gains tax. However, the UK government is planning on implementing some legal procedures in the cryptocurrency market. Their primary goal is to require UK Bitcoin exchanges to conduct due diligence in relation to customers and include cryptocurrency platforms in anti-money laundering and counter-terrorism financing policies. The UK has issued a warning about the risks of investing in ICOs and cryptocurrencies, though it has yet to establish any direct rules concerning it. Still, it was stated multiple times that the United Kingdom is working on cryptocurrency regulations and has no intentions to leave it in a legal gray area.
- News
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.
2220 - News
The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading.
2150 - News
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment.
4653 - News
“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update.
3624 - Analysis
Like with any kind of property, law enforcement has the right to sell your coins and spend the money.
4025 - Analysis
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.
2447 - Newsletter
Officials from all over the world continue discussing the solutions for stablecoins' risks
2167 - News
The United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets.
1894 - News
A data analyst on the Isle of Man demonstrated how contactless payments work on Bitcoin’s Lightning Network using an NFC enabled Bolt Card.
4081 - News
Grayscale announced its first European ETF, listing on the London Stock Exchange, Borsa Italiana and Deutsche Börse Xetra.
4554 - News
During the Queen's Speech, Prince Charles announced the introduction of a bill that would help tackle illicit finance, reduce economic crime and help businesses grow.
12370 - News
The global head of digital assets for Goldman Sachs said the demand for cryptocurrency from institutions is rising and the firm has been “actively broadening” its market capabilities to cater to that demand.
6021 - Analysis
Not all the experts are rushing to call the development “groundbreaking,” but it will certainly help the industry combat fraud.
10034 - News
The Queen’s Speech for the State Opening of Parliament included bills supporting “the safe adoption of cryptocurrencies" as well as the authority to "seize and recover crypto assets.”
4310