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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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

The gender disbalance in the crypto space is still huge, though it is in our hands to make it more inclusive for everyone.

We still have a lot of work to do on diversity, equity and inclusion

Shailee Adinolfi

2021-03-08T16:26:00+00:00

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The acquisition will provide Argo with access to up to an additional 200 megawatts of cheap, renewable electrical power.

Argo Blockchain buys 320-acre land plot in Texas to expand mining operations

2021-03-08T12:07:00+00:00

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Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million.

US crypto tax startup TaxBit to channel $100M raise into UK expansion

2021-03-03T10:30:57+00:00

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U.K.-based crypto firm BCB Group is looking to provide corporations with a way to put Bitcoin on their balance sheet by launching a dedicated treasury.

UK firm launches service for company treasuries to invest in Bitcoin

2021-02-19T13:24:52+00:00

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A new poll has found that 42% of Brits believe it is now safe to invest in cryptocurrency.

Poll finds four in 10 Brits believe the stock market is as risky as crypto

2021-02-19T03:51:54+00:00

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Several financial institutions in the U.S. are “are seriously considering launching some type of cryptocurrency service,” an Elliptic co-founder said.

Banks increasingly interested in Bitcoin, says Elliptic co-founder

2021-02-17T11:36:03+00:00

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The total volume on the crypto exchange has fallen 4.9% in the last 24 hours.

Exmo crypto exchange suffers second attack in two months

2021-02-15T21:29:57+00:00

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CEO Dan Schulman said last week the company would add crypto buying, selling, and custody features to "Venmo and select international markets" in 2021.

PayPal expanding crypto services to U.K. residents

2021-02-11T20:08:58+00:00

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