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
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
5376
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
7287
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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
3757
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A spate of global ransomware attacks has delayed Australian television ratings, compromised eight universities, and shut down a smart-wearables firm.
Australian TV Ratings Knocked Out in Ransomware Surge
Samuel Haig
2020-07-24T02:45:00+01:00
2069
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Cybersecurity authorities in the UK warned that ransomware could threaten the sports sector.
English Football Club Hit With Multi-Million Dollar Ransomware Attack
Felipe Erazo
2020-07-23T17:39:00+01:00
4363
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A UK-based university is investigating the slow response to a ransomware attack that took place in May.
University of York Confirms Recent Data Breach Was Caused by Ransomware
Felipe Erazo
2020-07-22T22:30:00+01:00
4284
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Investors tell us that something has gone wrong within a once-hot crypto company.
AMFEIX Investors Raise Concerns About Massive Pending Withdrawal Requests
Felipe Erazo
2020-07-22T20:14:00+01:00
7399
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The popular stock and crypto trading app has put its global expansion plans on hold.
Robinhood Postpones UK Launch 'Indefinitely,' Freezes Global Expansion Plans
Stephen O'Neal
2020-07-21T13:53:00+01:00
2603

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