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 new set of crypto regulatory proposals in the U.K. aims to bring DeFi under the scope of the law on a case-to-case basis.
UK Treasury wants to remove blockchain reference from crypto definition
Prashant Jha
2022-01-18T12:22:03+00:00
2508
News
A new report highlights private-sector innovation and greater financial inclusion with CBDCs, but raises concerns around the descending hegemony of the U.S. Dol...
UK Economic Affairs Committee unconvinced by prospect of retail CBDC
Tom Farren
2022-01-13T13:29:10+00:00
2270
News
The FTC has alerted everyone to stay vigilant of a new payment scam involving impersonators and crypto ATMs.
FTC issues public warning about new crypto ATM scam
Ezra Reguerra
2022-01-11T09:11:50+00:00
4422
News
“We are at a crucial time for the sector as global policymakers are also now reviewing their approach to crypto and how it should be regulated,” said the group'...
UK lawmakers form crypto advocacy group for parliament: Report
Turner Wright
2022-01-07T18:15:00+00:00
2819
News
Crypto.com become the latest victim of the UK’s crypto advertising clampdown, following restrictions on the marketing endeavors of Coinbase, Kraken and others l...
UK advertiser ASA continues crypto ad banning spree
Tom Farren
2022-01-05T15:30:00+00:00
2871
News
The ASA wants crypto firms to make it clear that past crypto rallies do not guarantee the same scenarios in future.
UK advertising watchdog bans crypto ads for Coinbase and Kraken
Helen Partz
2021-12-15T16:30:00+00:00
6271
Analysis
Cryptocurrency investment products could be a missing piece of the puzzle towards mass adoption, and are now becoming increasingly more common.
Point of no return? Crypto investment products could be key to mass adoption
Francisco Rodrigues
2021-12-10T16:30:00+00:00
5430
News
The head of the FCA said the agency is expecting new powers for regulating crypto advertisements.
UK politicians say cryptocurrency is ‘not an investment’
Prashant Jha
2021-12-09T13:19:08+00:00
5174

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