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 Financial Conduct Authority has warned U.K. consumers of dealing with 111 unregistered crypto firms, calling it “a very real risk.”
UK regulator warns against 111 unregistered crypto companies... and FOMO
Brian Quarmby
2021-06-23T05:13:46+01:00
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News
Bank TSB is set to become the latest financial institution in the United Kingdom to prevent customers from investing in crypto.
Bank TSB set to bar 5.4M customers from buying crypto
Osato Avan-Nomayo
2021-06-21T12:29:56+01:00
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News
Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey.
Over 2 million adults in UK now hold crypto, FCA survey finds
Helen Partz
2021-06-17T10:58:37+01:00
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News
A recent Opinium poll has shown that a majority of British financial adviser respondents are not advocates of crypto investing for their clients.
Crypto and ‘meme stocks’ shunned by 90% of UK financial advisers
Osato Avan-Nomayo
2021-06-16T14:43:01+01:00
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News
Is this the 21st-century crypto-themed update to "bread and circuses"?
Beer and horses? Combination takes to the digital space with branded NFTs
Turner Wright
2021-06-15T18:15:00+01:00
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News
North American hedge funds are at the vanguard of crypto-curious investors, although EU and U.K. funds are not far behind, expecting to hold 6.8% of their asset...
Within five years, US hedge funds expect to hold 10.6% of assets in crypto
Marie Huillet
2021-06-15T11:13:30+01:00
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Expert Take
Sustainability and the need to lessen climate change amid the COVID-19 pandemic have become the global economic agenda.
Pronouncements from the G7 allow green fintech to flourish
Selva Ozelli
2021-06-12T08:17:00+01:00
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News
A long-running backer of the crypto industry, billionaire hedge fund manager Alan Howard recently invested in two digital asset startups.
Hedge fund manager Alan Howard invests in two crypto startups
Helen Partz
2021-06-11T13:35:05+01:00
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