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
GFSC-approved Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument with custody supported by Fidelity Digital Assets.
Guernsey regulator approves Jacobi Asset Management’s Bitcoin ETF launch
Arijit Sarkar
2021-10-16T15:55:00+01:00
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The think tank wants to ensure the United Kingdom keeps pace with the developments in the emerging digital landscape.
Digital Pound Foundation launches to promote CBDC development in the UK
Osato Avan-Nomayo
2021-10-14T09:56:07+01:00
3622
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“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said.
Crypto lending firm Celsius Network raises $400M
Helen Partz
2021-10-12T12:51:42+01:00
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Executives and experts from Google, Amazon, PayPal and ConsenSys will be assisting Britain’s central bank with its CBDC research.
Bank of England unveils all-star payments and tech lineup for CBDC Forums
Martin Young
2021-09-30T06:32:59+01:00
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PayPal’s Bitcoin trading services are now fully available in the United Kingdom after the global payment giant began rolling out services last month.
PayPal completes crypto trading rollout for UK customers
Helen Partz
2021-09-17T14:59:01+01:00
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Brevan Howard also hired former CMT Digital CEO Colleen Sullivan to lead private and venture investments in crypto.
Major UK hedge fund Brevan Howard launches crypto division
Marie Huillet
2021-09-13T11:02:33+01:00
4320
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The chair of the United Kingdom’s Financial Conduct Authority has warned that over-extending the reach of regulators could backfire in the case of some cryptocu...
Regulating crypto could give it ‘halo’ of legitimacy, says UK watchdog
Marie Huillet
2021-09-06T10:33:11+01:00
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The bank joins Coinbase, Huobi, Six Digital Exchange, 100x Group and other industry leaders to advocate for the adoption of digital assets.
UK-based banking firm Standard Chartered joins Global Digital Finance patron board
Turner Wright
2021-09-01T16:45:00+01:00
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