The Ethereum Foundation has announced a $5 million grant to U.K.-based company Parity Technologies for scalability, usability and security work.
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
- News
by Ana Berman
CoinFLEX, a unit of the U.K. crypto exchange Coinfloor, is to offer physically delivered Bitcoin, Bitcoin Cash and Ethereum futures to Asian retail investors.
- News
The U.K. Financial Conduct Authority has already closed down almost 50 crypto-related investigations, some of which hit a dead end due to lack of evidence.
- Analysis
British regulators are taking more time over crypto, but this won’t make U.K. legislation more permissive.
- News
At least 340 cryptocurrency or blockchain companies were dissolved or liquidated this year in the U.K., nearly two and a half times more than in 2017.
- News
The Bank of England asked Twitter users to choose how they would want to receive money for Christmas, and most chose digital currency.
- News
by Helen Partz
Global blockchain platform Waves raised $120 million in a private funding round for its new project called Vostok.
- News
by Helen Partz
Iranians who are turning to Bitcoin mining due to economic difficulties caused by U.S. sanctions still manage to profit due to low electricity prices.
- News
Cryptocurrency holders in the U.K. can now consult with official guidance on what tax they should be paying on their assets.
- News
Google users are keen to understand what Bitcoin actually is — more than anything else, data reveals.
- News
Allianz Global Investors’ CEO has called for crypto assets to be “outlawed,” citing surprise over regulators’ lack of intervention.
- News
The cryptocurrency platform Cubits (Dooga) has battled alleged “collusion” over the disappearance of $32.8 million last February.
- News
A member of the United Kingdom’s Parliament has declared that it should be possible to pay local authorities and utility providers in Bitcoin.
- News
The Financial Action Task Force wants the United Kingdom to “progress” with measures to formalize its domestic crypto economy.
- News
A major U.K. charity fund executive declared during a crypto summit that the recent market crash is just a “bump in the road.”
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