Financiers and investors fear that a “no deal” Brexit could spell “bust” for Ireland and the nations’ blockchain industry.
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.
- Analysis
- News
Vonage’s U.K.-based subsidiary NewVoiceMedia has been granted a patent for a blockchain-based system for recording and timestamping voice communications.
- News
Elwood Asset Management could offer exposure to cryptocurrencies such as Bitcoin and Ethereum.
- News
U.K. energy supplier OVO has announced a strategic investment in blockchain energy technology company Electron.
- News
by Ana Berman
UK-based banking giant HSBC is seeking Korean banking partners to expand the R3-backed blockchain platform Voltron to the region.
- News
United States-based investment management company Invesco is launching a exchange-traded fund on the London Stock Exchange.
- News
by Helen Partz
U.K.’s Financial Conduct Authority has warned the public against illicit Bulgaria-based Next Coin, which claims to be FCA-authorized.
- News
Niall Ferguson says that cryptocurrencies will turn out to not have been a complete delusion, and that he was wrong about the sector before.
- News
by Ana Berman
U.K. futures provider Crypto Facilities’ trading volumes increased over 500 percent after being acquired by U.S. crypto exchange Kraken.
- News
The CEO of Revolut has denied recent allegations that the company breached money laundering laws.
- News
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, joined the BT Radianz Cloud broker community.
- News
The London Stock Stock Exchange Group has led a $20 million investment round in the startup behind the world’s reportedly first crypto-denominated, blockchain-s...
- News
The company blamed the continued suppression of Bitcoin prices and associated profitability issues in the mining market.
- News
London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter.
- News
The London-based Institute of Decentralized Economics has launched and will study blockchain-based economic systems and their impact on existing institutions.
Editor’s Choice
- US Institutional Crypto Exchange Seed CX Expands to Asia With New Partnership
- Streaming Service Twitch Removes Crypto Payment Options, Reddit User Reports
- Bank for International Settlements Exec Advises Against Central Bank Digital Currencies
- Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year
- Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22