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
The NCSC has gone scorched earth on crypto scams.
UK Crackdown Pulls Thousands of Crypto Scams Offline
Felipe Erazo
2020-08-14T17:34:00+01:00
2780
News
The $150,000 worth of Bitcoin was allegedly being used to launder money gained through fraudulent support loan applications on behalf of dummy businesses.
Bitcoin Proceeds of COVID-19 Business Support Scheme Fraud Seized
Jack Martin
2020-08-14T12:39:00+01:00
2126
News
Wibbly wobbly, timey wimey stuff is about to become non-fungible.
Official ‘Doctor Who’ Merchandise Is Coming to the Blockchain
Felipe Erazo
2020-08-13T21:30:00+01:00
2550
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Revolut’s losses in 2019 surged over 200% due to investment in international expansion, Revolut founder and CEO says.
Crypto-Friendly British App Revolut Reportedly Tripled Losses in 2019
Helen Partz
2020-08-12T12:54:00+01:00
7107
News
File this one in the “stranger than fiction” category.
Sheep Farmer’s Alleged Baby Food-Based Bitcoin Extortion Attempt Thwarted
Felipe Erazo
2020-08-11T17:52:00+01:00
3105
News
EToro is reportedly moving ahead with its debit card plans as it acquires a U.K. Visa Principal Member.
Crypto-Enabled Investment App eToro Gets Ready to Issue Debit Cards in UK
Andrey Shevchenko
2020-07-29T13:45:00+01:00
5391
News
The purported investment fund is exhibiting some shady behavior.
AMFEIX Threatens Users Who Share Coverage That Criticizes the Company
Felipe Erazo
2020-07-28T22:46:00+01:00
7335
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Opera users in the United Kingdom can now purchase cryptocurrency directly via bank accounts or digital banking app Revolut.
Opera Expands Crypto Wallet Top-Ups to the UK
Helen Partz
2020-07-24T09:19:00+01:00
3765

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