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
U.K.-based fintech Qadre believes that blockchain technology can unlock billions in lost equity for small and medium sized enterprises.
Blockchain Can Level the Playing Field for SMEs
Samuel Haig
2020-05-14T17:25:00+01:00
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News
A new study reveals that blockchain offers the best salaries in the UK’s technology industry.
Blockchain Jobs Are the Highest Paying Tech Roles in the UK
Felipe Erazo
2020-05-09T02:00:00+01:00
7998
News
Major cryptocurrency exchange Binance has hired banking and fintech veteran Teana Baker-Taylor to lead its expansion in the United Kingdom and European market.
Binance Hires Former HSBC Banker and Fintech Veteran to Lead UK Growth
Marie Huillet
2020-05-08T13:26:00+01:00
6670
News
University College London has joined the governing council for enterprise-grade distributed ledger platform Hedera Hashgraph.
University College London Joins Governing Council for Hedera Hashgraph
Marie Huillet
2020-05-06T14:00:00+01:00
7726
News
The U.K.’s financial regulator is launching its digital sandbox early to foster innovative firms developing solutions to the coronavirus outbreak.
FCA Launches Digital Sandbox for Tackling COVID-19 Solutions
Samuel Haig
2020-05-05T18:16:00+01:00
5672
News
A study by MMC Ventures unveiled the return to the dynamics of traditional capital funding by blockchain companies.
Study Shows UK Blockchain Companies Are Shifting Back to Traditional Funding Strategies
Felipe Erazo
2020-05-01T23:00:00+01:00
4861
News
Survey says the amount of Europeans who believe crypto will still exist in 10 years has edged up from 63% in 2019 to 66% in 2020.
Europe’s Crypto Believers on the Rise Amid COVID-19 Crisis, bitFlyer Says
Helen Partz
2020-04-29T23:00:00+01:00
4170
Analysis
The coronavirus pandemic is a make-or-break situation for crypto banks as many see opportunities despite the obvious setbacks.
Crypto Banks Answer the Call Amid Coronavirus-Fueled Economic Decline
Joseph Birch
2020-04-24T14:40:00+01:00
2334

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