A new survey of affluent millennials in the United Kingdom discovered that 20% have invested in Bitcoin and other cryptocurrencies.
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.
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- News
UK police have arrested a 19-year-old citizen suspected of hacking major music acts to steal unreleased songs and sell them for digital currency.
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by Joeri Cant
The U.K. arm of cryptocurrency exchange Coinbase settled a lawsuit with a man who lost 80 Bitcoins in an email phishing attack.
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by Joeri Cant
Nickel Asset Management, a U.K.-based hedge fund manager, has raised $50 million for its newly launched crypto investment fund.
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Bitcoin is poised to benefit from the economic havoc and political implications of a possible no-deal Brexit, analysts argue.
- Analysis
by Elena Perez
Countries and internet companies hold on to hard stances on cryptocurrency advertising, as the industry seeks to survive the challenges.
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The United Kingdom’s far-right National Liberal Party has published what it describes as the country’s first coherent cryptocurrency policy.
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A British judge has ordered the confiscation of $1.1 million worth of crypto from a hacker who used phishing attacks to obtain personal data and sell it on the ...
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"People always ask how I am coping with living on Bitcoin,” a British software developer tells a UK tabloid, “but the truth is that my lifestyle hasn’t really c...
- Analysis
Barclays halts business with Coinbase as exchange needs an innovative bank to tailor to its AML and KYC needs, but will U.K. customers be better off now?
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Major Spanish bank Santander has denied reports of blocking United Kingdom customers from funding their Coinbase accounts.
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The United Kingdom’s Advertising Standards Authority (ASA) has upheld a complaint against a Bitcoin advertisement from top crypto derivatives exchange BitMEX.
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by Kollen Post
Industry sources have reportedly confirmed that UK banking giant Barclays is putting an end to its work with crypto exchange Coinbase.
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