News
Many outlets have reported Rishi Sunak could be one of the possible replacements for Boris Johnson, suggesting that crypto regulations could be central to the government’s agenda.
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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 famous Stanford Marshmallow Experiment takes the orange pill during a study of 25 school kids on the Isle of Man.
1257 - News
In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms" to the country’s financial services were ready to be presented to Parliament.
1211 - News
In the U.K., crypto owners prefer centralized exchanges and claim their assets to be largely profitable.
1698 - News
The central bank said the growth of the crypto market did not pose an “immediate threat” to the United Kingdom’s financial system, but had the potential to do so in the future.
1845 - News
The HMRC is asking for input from investors, professionals and organizations involved in DeFi-related activities.
2287 - Event Recap
A family-friendly day out in the southwest of the U.K. got the kids, adults and grandparents on their feet, learning about magic internet money and dancing to Bitcoin tunes.
2987 - News
Hackers had access to multiple official social media accounts of the British Army for nearly four hours, when they posted crypto phishing links and scams.
2713 - News
The former chancellor said there was a particular lack of regulatory structure in regards to digital asset trading.
2180 - News
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment.
4704 - News
“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update.
3637 - Analysis
Like with any kind of property, law enforcement has the right to sell your coins and spend the money.
4039 - Analysis
British regulators intend to amplify the enforcement of crypto and make stablecoins a payment method.
2479 - Newsletter
Officials from all over the world continue discussing the solutions for stablecoins' risks
2172 - News
The United Kingdom’s Economic and Finance Ministry announced in April that it would work to incorporate stablecoins into a regulatory framework on digital assets.
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