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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

Overstock’s blockchain arm tZERO will tokenize $25 million worth of a luxury residential property in Manchester, United Kingdom.

TZERO to Tokenize $25M of Luxury Residential Development in UK

2019-10-30T16:09:00+00:00

4108

U.K.-based Bitcoin mining firm Argo Blockchain has doubled its order of new cryptocurrency miners as it eyes “significant expansion” of its capacities.

UK Bitcoin Miner Eyes 240% Capacity Boost With New $10M Hardware Order

2019-10-30T09:26:00+00:00

4747

Can the U.K. draw inspiration from the UAE and China to regulate cryptos instead of banning them? FCA decides.

The Future of Cryptocurrencies in the UK Hangs on FCA’s Decision

Sritanshu Sinha

2019-10-29T12:57:00+00:00

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A blockchain-based P2P financial system could make the City of London irrelevant, says a McKinsey advisor.

McKinsey Advisor: Blockchain May Kill Off the City of London and NHS

2019-10-25T11:14:00+01:00

3597

The Global Financial Innovation Network — an alliance of 50 organizations aimed at supporting financial innovation — welcomes several U.S. regulatory agencies.

US Financial Watchdogs Join UK’s Global Financial Innovation Network

2019-10-24T16:09:00+01:00

2040

Zeeshan Feroz, United Kingdom CEO of Coinbase, has argued that we need centralized entities like central banks and Facebook to support the crypto ecosystem.

Coinbase UK CEO: We Need Centralized Entities to Support Crypto

2019-10-24T09:26:00+01:00

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The U.K. government has stressed that is up to regulators, not the executive, to decide on a proposed ban on certain crypto derivatives for retail investors.

UK Gov’t: FCA Will Make Final Decision on Banning Crypto Derivatives

2019-10-22T11:09:00+01:00

3234

Archax, a London-based digital exchange, will use R3’s Corda technology to manage post-trade activities.

UK-Based Digital Exchange to Use R3’s Corda for Post-Trade Processes

2019-10-18T18:27:00+01:00

2024