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 U.K.'s National Health Service will implement an IoT solution built on the public distributed ledger network Hedera Hashgraph in order to monitor the storag...
UK health service to use blockchain to monitor COVID-19 vaccine storage
Marie Huillet
2021-01-19T09:00:00+00:00
4860
News
A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse and London Stock ...
Nornickel to use blockchain for its new ETCs on Deutsche Börse and LSE
Marie Huillet
2021-01-18T12:01:40+00:00
3762
News
Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions.
British financial advisor calls on the gov’t to ban crypto transactions
Helen Partz
2021-01-15T17:00:53+00:00
20636
News
The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction.
Dacxi joins self-regulating trade group CryptoUK as executive member
Turner Wright
2021-01-14T20:30:00+00:00
12885
Analysis
U.K.’s FCA banning retail investors from engaging with crypto derivatives takes away risk hedging opportunities.
UK’s FCA crypto derivatives ban may push retail investors to riskier grounds
Anirudh Tiwari
2021-01-14T12:23:49+00:00
14243
News
His firm added exposure to Bitcoin before the winter surge.
Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager
Greg Thomson
2021-01-13T08:05:41+00:00
7828
News
The Financial Conduct Authority has warned the public about crypto investment with Bitcoin diving below $33,000.
FCA warns of crypto investment risks as Bitcoin dives below $33K
Helen Partz
2021-01-11T08:32:23+00:00
13637
News
In addition to trying to define stablecoins, the U.K. is looking to establish how close it wants its crypto laws to be to other countries.
Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins
Kollen Post
2021-01-07T20:42:54+00:00
19104

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