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
Financial crimes reporting obligations are irrespective of a crypto firm’s total annual revenue.
UK crypto firms must now submit yearly financial crimes reports
Osato Avan-Nomayo
2021-03-31T12:19:51+01:00
10095
News
British regulators have identified the stablecoin market as their primary assignment amid efforts to create a legal framework for virtual currencies in the coun...
UK authorities to focus on stablecoin regulations to prevent monopolies
Osato Avan-Nomayo
2021-03-30T12:09:40+01:00
7210
News
A new study commissioned by the United Kingdom's Financial Conduct Authority found that the profile of cryptocurrency traders skews toward thrill-seeking and tr...
Forex and crypto investors seek thrills and social status, says FCA study
Marie Huillet
2021-03-23T12:37:28+00:00
6399
News
English Premier League soccer club Manchester City is debuting a blockchain-based fan token, promising free tokens for registered Cityzen fans.
Manchester City soccer club launches fan token with Socios
Helen Partz
2021-03-19T11:49:48+00:00
13732
News
Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.
The number of Bitcoin ATMs in the US rose 177% over the past year
Marie Huillet
2021-03-10T10:47:35+00:00
18884
News
A Redditor reportedly recommended an acquaintance invest in ADA, XDC, GLM, NEXO and ETH back in 2019.
HODLer claims to have used crypto profits for father's cancer treatment
Turner Wright
2021-03-09T18:15:00+00:00
10353
News
Daniel Lim will lead Bybit's legal and compliance team, following an appointment hot on the heels of Bybit's U.K. shutdown.
Bybit appoints new general counsel to lead global cryptocurrency compliance
Greg Thomson
2021-03-09T15:57:27+00:00
7320
Opinion
The gender disbalance in the crypto space is still huge, though it is in our hands to make it more inclusive for everyone.
We still have a lot of work to do on diversity, equity and inclusion
Shailee Adinolfi
2021-03-08T16:26:00+00:00
5605

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