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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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2021-01-15T17:00:53+00:00

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The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction.

Dacxi joins self-regulating trade group CryptoUK as executive member

2021-01-14T20:30:00+00:00

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U.K.’s FCA banning retail investors from engaging with crypto derivatives takes away risk hedging opportunities.

UK’s FCA crypto derivatives ban may push retail investors to riskier grounds

2021-01-14T12:23:49+00:00

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His firm added exposure to Bitcoin before the winter surge.

Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

2021-01-13T08:05:41+00:00

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The Financial Conduct Authority has warned the public about crypto investment with Bitcoin diving below $33,000.

FCA warns of crypto investment risks as Bitcoin dives below $33K

2021-01-11T08:32:23+00:00

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In addition to trying to define stablecoins, the U.K. is looking to establish how close it wants its crypto laws to be to other countries.

Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins

2021-01-07T20:42:54+00:00

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The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force.

UK crypto community reacts as FCA derivatives ban goes into effect

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2021-01-07T11:13:20+00:00

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Revolut warned users that their XRP funds could be stuck "in a worst-case scenario."

Crypto-friendly app cautions users to 'reassess' XRP holdings

2021-01-04T21:30:00+00:00

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