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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

Will Brexit attract more fintech business to the U.K. or force those that already settled in London to leave England? Experts in the fintech industry answer.

How Brexit Will Affect the UK Fintech Industry? Experts Answer

2019-08-11T23:27:00+01:00

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A subsidiary of U.S.-based stock and crypto trading app Robinhood received FCA approval to operate as a broker in the U.K.

Crypto Trading App Robinhood Launching in UK Following FCA Approval

2019-08-08T13:03:00+01:00

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UK tax authority has reportedly asked digital currency exchanges to provide it with customers’ names and transactions data to locate tax evasion.

UK’s Tax Authority Requests User Data From Crypto Exchanges: Report

2019-08-06T17:09:00+01:00

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The U.K.’s data protection authority has requested that Facebook provide details on how it will protect user data vis-a-vis the its proposed Libra stablecoin pr...

UK Data Protection Watchdog Raises Concerns Over Facebook’s Libra

2019-08-05T18:49:00+01:00

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A British judge has thrown out Craig Wright’s libel case against Roger Ver due to questions of jurisdiction and whether actual harm was committed.

Judge Dismisses Libel Suit Against Roger Ver Over Lack of Jurisdiction

2019-07-31T23:15:00+01:00

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Major British regulator, the Financial Conduct Authority, will not regulate Bitcoin as part of its recent guidance on crypto assets.

UK Financial Regulator FCA Won’t Regulate Bitcoin and Ether

2019-07-31T19:34:00+01:00

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Major European crypto exchange Bitstamp has partnered with digital asset brokerage BCB Group to enable direct pound sterling transfers.

EU Exchange Bitstamp Partners with UK Firm to Offer Pound Sterling Onramp

2019-07-29T15:57:00+01:00

2891

After facing two arrests in one week, John McAfee wants to run for U.S. President and British Prime Minister simultaneously.

Fresh Out of Jail, John McAfee Now Wants Boris Johnson’s Job

2019-07-26T18:12:00+01:00

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