United Kigdom News

Latest News on United Kingdom | Cointelegraph

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.

Winklevoss' Crypto Exchange Gemini Eyes Entrance Into UK Market, Sources Report

SEP 24, 2018 | by Marie Huillet

The Winklevoss twins’ crypto exchange Gemini is eyeing entrance into the U.K. market, according to a new report from the Financial Times.

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Abu Dhabi Regulator Calls for International Cryptocurrency Regulation Effort

SEP 19, 2018 | by William Suberg

A senior finance official has said Abu Dhabi would like to see comprehensive international regulation of the cryptocurrency arena.

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Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

SEP 19, 2018 | by Ana Berman

A UK port operator that handles 25 percent of cargo shipments in the country wants to integrate blockchain in its supply chain.

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US Regulator Acts Against Crypto Firm Falsely Claiming to Represent Coinbase, Cointelegraph

SEP 19, 2018 | by Marie Huillet

The Texas Securities Commission has issued an emergency cease and desist order against a Russian crypto firm for misleading representation.

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UK Gov’t Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry

SEP 18, 2018 | by Marie Huillet

The U.K. government has faced questions over whether it is actively monitoring the impact of the global crypto market downturn on the domestic blockchain indust...

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Blockchain Browser Brave Files Adtech Complaints Against Google for User Data Practices

SEP 13, 2018 | by Ana Alexandre

Privacy-oriented Brave browser has filed complaints against Google for violating E.U. regulations on user data privacy.

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Coinbase Expands UK Offering With Four GBP Altcoin Pairs

SEP 06, 2018 | by William Suberg

U.S. exchange Coinbase will offer several altcoin pairs to U.K. users from September 7.

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European Parliament Members, Blockchain Experts Meet to Discuss ICO Regulation

SEP 05, 2018 | by Helen Partz

During an EU event, Aeternity’s Julio Alejandro claims that there is “no way to legislate” ICOs besides banning crypto exchanges.

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Online ID Control: Blockchain Platforms vs. Governments and Facebook

AUG 23, 2018 | by Simon Chandler

Blockchain-based ID platforms will give us data security and control, but at a cost to decentralization.

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UK Watchdog Grants Third E-Money License to Crypto Company

AUG 23, 2018 | by Marie Huillet

UK watchdog The Financial Conduct Authority (FCA) has granted its third e-money license to a crypto-related company, the payment card firm Wirex.

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UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

AUG 17, 2018 | by Marie Huillet

The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors.

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Citrix Survey: More Than Half of UK Companies Hit by Cryptojacking Malware at Some Point

AUG 15, 2018 | by Andrew Marshall

Fifty nine percent of U.K. companies have been hit by cryptojacking attacks at some point, with 80 percent of those cases taking place in the past 6 months, sur...

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UK: $2.5 Million Losses in Crypto-Related Scams Reported This Summer

AUG 10, 2018 | by Ana Alexandre

British police have warned the public about crypto-related scams, revealing $2.5 million worth of losses this summer.

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Barclays Sponsors Blockchain Hackathon to Explore Derivatives Contracts Processing

AUG 10, 2018 | by Ana Alexandre

U.K. bank Barclays is sponsoring a blockchain hackathon in order to find solutions to increase the efficiency of derivatives contracts processing.

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‘Be Aware’: UK Financial Regulator Sounds Alarm Over Yet Another Crypto ‘Clone Firm’

AUG 09, 2018 | by William Suberg

The UK Financial Conduct Authority has issued a warning about yet another a “clone” firm impersonating an authorized crypto company.

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Blockchain-Based Communication Platform Aims to Protect Your Personal Messages

JAN 12, 2018 | by Guest Author

The decentralized system allows users to call and text directly over a public network

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China to Lead International Standardization Research Group for IoT, Blockchain Tech

JUL 18, 2018 | by Max Yakubowski

China will lead a joint working research group on IoT and blockchain within their international standards organizations.

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Blink And You’ll Miss It: US, UK Officials Both Say They’re ‘Looking At’ Crypto

JAN 25, 2018 | by William Suberg

Crypto is a topic regulators are “looking it” specifically the week of the WEF 2018, with their language being strikingly similar.

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Government Debt Getting Downgraded, Thankfully Bitcoin Backed Only By Math

SEP 25, 2017 | by Jacob J

The biggest argument against cryptocurrencies is that unlike fiat currencies, they do not have the backing of any government. As multiple rating downgrades show...

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Santander: We’ll Launch Int’l Payment App With Ripple This Spring If No One Beats Us To It

MAR 24, 2018 | by Molly Jane Zuckerman

Santander has announced the upcoming launch of an international money transferring mobile app that will use Ripple’s technology.

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UK’s Royal Mint Launches Gold-Backed Cryptocurrency

JAN 31, 2018 | by Helen Partz

The UK’s Royal Mint has launched its own gold-backed cryptocurrency, Royal Mint Gold (RMG) — one coin is equal to one gram of gold.

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CryptoBonus: HullCoin Users Get Benefits From Free Pies To Tax Breaks

NOV 24, 2017 | by William Suberg

Free food is just the tip of the iceberg for HullCoin users after the UK scheme gets a £240,000 cash injection.

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Fifth Largest Cryptocurrency EOS’ Blockchain Set to Launch

JUN 09, 2018 | by Olivia Capozzalo

The EOS blockchain is set to launch after a live-streamed vote among “Block Producers” yesterday unanimously voted “GO”.

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Cambridge Experts Diverge On The “Bitcoin Bubble” Question

DEC 21, 2017 | by William Suberg

Cambridge experts argue over whether or not Bitcoin is a bubble. The answer depends on who you ask and how you define the coin.

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Visa Card Payments Failing in UK, Europe, Highlighting Need for Decentralized Options

JUN 01, 2018 | by Molly Jane Zuckerman

Visa card payments are not working across the UK and Europe in a sharp contrast to Bitcoin’s 99.99% uptime since the network’s inception.

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New Ethereum-Based Platform to Improve Governance Services

JAN 26, 2018 | by Guest Author

The project seeks to pioneer decentralized, smart-contract based governance and help to overcome barriers posed by borders and regulations.

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Blockchain It! Companies Rename Themselves To Bump Up Share Price

DEC 23, 2017 | by William Suberg

Adding Blockchain to a company’s name appears to reliably increase its stock price, as the most recent examples demonstrate.

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A Pair of British Entrepreneurs Sold 50 Luxury Flats For Bitcoin In Dubai

FEB 11, 2018 | by Helen Partz

Founder of Ultimo Michelle Mone and billionaire investor Douglas Barrowman have sold 50 apartments for Bitcoin in Dubai. One buyer is reported to have purchased...

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Adding “Blockchain” to Name Causes Soaring Valuation, Reminiscent of Dot-Com Bubble

OCT 31, 2017 | by Jacob J

Blockchain hype resembling dot-com bubble, as companies with “Blockchain” in name see values soar.

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World’s First ‘Cryptocurrency E-Bike’ Earns Riders $26 per 1600 Kilometers

JUN 15, 2018 | by William Suberg

Avid cycling fans will soon be able to earn money from cryptocurrency while riding, but the gains might not be impressive.

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UK Secretary Diane Abbott: If Everyone Used Bitcoin ‘The Whole Thing Would Collapse’

MAR 02, 2018 | by Andrew Marshall

UK’s Shadow Home Secretary says that Bitcoin should be heavily regulated by the Labour party, claiming that the cryptocurrency is “just a gigantic Ponzi scheme....

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UK’s Royal Mint Launches Gold-Backed Cryptocurrency

JAN 31, 2018 | by Helen Partz

The UK’s Royal Mint has launched its own gold-backed cryptocurrency, Royal Mint Gold (RMG) — one coin is equal to one gram of gold.

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Bank of England Governor Claims Bitcoin Has ‘Failed’ As A Currency

FEB 20, 2018 | by Helen Partz

Bank of England Governor Mark Carney claims cryptocurrency is not a legitimate currency, arguing it is neither a means of exchange, nor a store of wealth.

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‘Obsessed With Price’: Famous Bitcoin Developer Wants To Save It With 5 Female ‘Monk Hackers’

MAR 07, 2018 | by William Suberg

Amir Taaki wants to use a “politicized startup accelerator” to restore Bitcoin’s “vision” and bring about political change, starting in Catalonia.

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Bank of England Knocks Down Using Bitcoin as Form of Currency

JUL 22, 2016 | by Evander Smart

The United Kingdom will not become the next home of Bitcoin’s currency.

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Crackdown On Bitcoin In UK Over Money Laundering, Tax Evasion

DEC 04, 2017 | by Jon Buck

UK Treasury will regulate cryptocurrencies to stop money laundering, tax evasion.

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Visa Card Payments Failing in UK, Europe, Highlighting Need for Decentralized Options

JUN 01, 2018 | by Molly Jane Zuckerman

Visa card payments are not working across the UK and Europe in a sharp contrast to Bitcoin’s 99.99% uptime since the network’s inception.

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Bank of England to Rebuild Settlement System to Interface with Blockchain Platforms

JUN 23, 2018 | by Ana Alexandre

The Bank of England will rebuild its Real Time Gross Settlement system to interface with platforms using distributed ledger technology.

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Think Tank Director Tells UK Parliament That Blockchain Is ‘Pixie Dust’ and ‘Magic Wands’

MAY 02, 2018 | by Ana Alexandre

Martin Walker, director of the Center for Evidence-Based Management, told the Treasury Committee that blockchain is a fad without much to offer to the financial...

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Cambridge Experts Diverge On The “Bitcoin Bubble” Question

DEC 21, 2017 | by William Suberg

Cambridge experts argue over whether or not Bitcoin is a bubble. The answer depends on who you ask and how you define the coin.

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World’s First ‘Cryptocurrency E-Bike’ Earns Riders $26 per 1600 Kilometers

JUN 15, 2018 | by William Suberg

Avid cycling fans will soon be able to earn money from cryptocurrency while riding, but the gains might not be impressive.

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According to BNP Paribas, Absence of Central Bank Will Limit Bitcoin's Future

NOV 21, 2017 | by Jacob J

The latest hue and cry against Bitcoin stems from lack of a central bank to make loans in a hypothetical liquidity crunch.

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UK Bans End-to-End Encryption, Mandates Government Authority Over Encrypted Technologies

DEC 02, 2016 | by Joël Valenzuela

The United Kingdom has legislated an effective ban on end-to-end encryption, making sure the government has backdoor access to any technology they deem necessar...

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Blockchain-Based Communication Platform Aims to Protect Your Personal Messages

JAN 12, 2018 | by Guest Author

The decentralized system allows users to call and text directly over a public network

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Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

MAY 13, 2018 | by Molly Jane Zuckerman

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blo...

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