News
Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered.
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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
Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.
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U.K.-based fintech Qadre believes that blockchain technology can unlock billions in lost equity for small and medium sized enterprises.
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A new study reveals that blockchain offers the best salaries in the UK’s technology industry.
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Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market.
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University College London has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph.
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The U.K.’s financial regulator is launching its digital sandbox early to foster innovative firms developing solutions to the coronavirus outbreak.
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A study by MMC Ventures unveiled the return to the dynamics of traditional capital funding by blockchain companies.
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Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020.
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The coronavirus pandemic is a make-or-break situation for crypto banks as many see opportunities despite the obvious setbacks.
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British researchers are trialing a new blockchain-based certificate designed to manage COVID-19 risks across supply chains.
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After sentencing a man who sold drugs on the dark web, police officer Phil Ariss offers lessons from policing crypto crime for four years.
4273 - Expert Take
The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering.
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A Bitcoin ransom was paid by a London-based company after suffering a ransomware attack on their systems.
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A Bitcoin trading scam claims the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle.
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