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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.

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Nick Boles, who served as a Member of Parliament from 2010 to 2019, believes the world would be better off without Bitcoin.

Former British MP says central banks should ban Bitcoin

2021-02-09T20:50:39+00:00

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63%of 800 respondents in the U.K. are planning to buy Bitcoin in 2021, according to a new survey by Investing.com.

Bitcoin will likely reach $60K in 2021, says Investing.com analyst

2021-02-04T11:21:23+00:00

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"The economic environment for Bitcoin right now could not be better," said Duncan MacInnes.

UK investment manager sells off half BTC holdings after $750M win

2021-02-03T21:30:00+00:00

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Over a third of those who have already bought crypto are themselves new or novice investors.

Survey finds 31% of Brits are crypto curious, but lacking information

2021-01-27T10:54:41+00:00

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The U.K. central bank governor believes existing cryptocurrencies will fail over the longer term due to their robust privacy features.

BoE Governor: cryptocurrencies of today are destined to fail long term

2021-01-26T03:11:18+00:00

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The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime."

Komainu to store crypto confiscated by UK law enforcement

2021-01-22T02:19:25+00:00

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The U.K.'s National Health Service will implement an IoT solution built on the public distributed ledger network Hedera Hashgraph in order to monitor the storag...

UK health service to use blockchain to monitor COVID-19 vaccine storage

2021-01-19T09:00:00+00:00

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A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse and London Stock ...

Nornickel to use blockchain for its new ETCs on Deutsche Börse and LSE

2021-01-18T12:01:40+00:00

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