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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

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

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

What Bitcoin correction? BTC price holds $55K despite several bearish indicators

Payment system ePayments has been halted by the FCA for about a week now, and all accounts remain suspended. Does crypto have anything to do with it?

FCA Keeps EPayments on Lockdown, Crypto Unlikely at Fault

2020-02-18T17:12:00+00:00

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UK regulator FCA has suspended ePayments operations due to anti-money-laundering controls, freezing a million accounts.

A Million EPayments Accounts Frozen Due to Regulation Control

2020-02-11T23:31:00+00:00

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Major United Kingdom-based crypto firm Blockchain.com has led a funding round in its exchange partner Wintermute Trading.

Blockchain.com Leads ‘Seven-Figure’ Investment in Its Exchange Partner

2020-02-10T18:12:00+00:00

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The United Kingdom’s financial regulator, the Financial Conduct Authority, is looking to hire a specialist with a cryptocurrency background.

UK Financial Watchdog Seeks Cryptocurrency Expert to Address EU Regulations

2020-02-06T12:48:00+00:00

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Six major central banks will reportedly meet in April to discuss central bank digital currency development.

Major Central Banks to Discuss Digital Currencies Amid IMF Conference

Adrian Zmudzinski

2020-02-06T09:22:00+00:00

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Financial services firm Mode, which is backed by Twitter co-founder Biz Stone, has rolled out its Bitcoin banking app on iOS devices.

Twitter Co-Founder-Backed Fintech Startup Rolls Out Bitcoin Banking App

2020-02-04T13:10:00+00:00

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On the eve of the U.K.’s exit from the EU, French crypto hardware wallet firm Ledger has attempted to co-opt the notorious pro-Brexit “Take Back Control” mantra...

Ledger Wallet Co-Opts Controversial Pro-Brexit Slogan for Cryptocurrencies

2020-01-31T09:44:00+00:00

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BCB Group, a British crypto firm that provides services to exchanges like Coinbase and Bitstamp, is now officially approved by U.K. financial watchdog, the FCA.

British Financial Watchdog Approves BCB Group as Authorized Payment Firm

2020-01-29T19:00:00+00:00

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