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
Law enforcement representing 16 different countries cooperated to arrest 20 members of a global crypto-powered money laundering cartel in just one of the cases.
33 money laundering crypto criminals targeted worldwide in 3 separate cases
Samuel Haig
2020-10-16T04:27:00+01:00
4768
News
The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data.
UK FCA crypto derivatives ban ignored 97% of consultation respondents
Jack Martin
2020-10-14T10:50:00+01:00
3621
News
Gemini crypto exchange is streamlining fiat currency wire transfers for British clients.
Gemini exchange partners with licensed crypto payments processor in UK
Marie Huillet
2020-10-12T12:44:36+01:00
5969
Opinion
Nobody who believes in crypto wants it to be a sector beholden to criminality or poor commitment to security.
These are the end days for crypto criminals, and good riddance
Paul de Havilland
2020-10-09T15:00:00+01:00
26624
News
The FCA covered everything it could with the ban, CoinShares' Townsend Lansing says.
UK FCA derivatives ban signals disapproval of crypto as a whole, CoinShares exec says
Andrey Shevchenko
2020-10-06T20:11:19+01:00
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Breaking news
CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned.
UK's FCA bans retail crypto derivatives after year-long consideration
Andrey Shevchenko
2020-10-06T11:40:53+01:00
20712
News
Congressperson and Blockchain Caucus Co-Chair David Schweikert has advanced a bill to make good on the crypto adage "Code is law."
US: New bill would legally recognize digital signatures on a blockchain
Marie Huillet
2020-10-05T13:49:29+01:00
5714
News
The highest number of exchanges defying regulatory norms are in Europe
More than half of all crypto exchanges have weak or no ID verification
Anupam Varshney
2020-10-02T05:58:48+01:00
7071

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