Britain Financial News

JPMorgan made a bold march into the UK by taking over Nutmeg last year.

As Great Britain is gradually moving to its own comprehensive crypto framework, the Treasury introduces a separate category for crypto assets into the tax return forms. The particular line should appear in the tax forms in 2024-25. 

There is no disputing that the UK is a global leader in financial innovation. We boast a 10% global market share, and we are the largest fintech market in Europe.

cryptocurrency markets were trading higher in Wednesday's trade amid easing worries over bank industry turmoil and release of largely on-target US inflation data. Bitcoin (BTC) rose 1.95% to $24,943 whereas Ethereum (ETH) was above the $1,700 level. BTC volume in the last 24 hours stood at approximately $53.82 billion, rising 12.50% in the last 24 hours. «The UK government bailing out the Silicon Valley Bank has created a positive sentiment within the investment community and which may have increased buying activity. As per the latest data, US consumer inflation has slowed down but it’s still on the higher side which may drive Fed to continue its hawkish stance. If the macroeconomic factors continue to remain favourable then we may see Bitcoin testing $30,000 level very soon,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher. Dogecoin, Solana, Polygon and Polkadot were trading over 3% higher. Meanwhile, the global cryptocurrency market cap was trading higher around $1.10 trillion, rising 2.24% in the last 24 hours.

The UK will ramp up oversight of the crypto sector with tax forms sent out to individuals now set to include a separate reporting option for crypto assets.

The Euronews Brussels bureau brings you its latest episode of a new talk show that aims to break down European news and politics to make it more accessible to viewers. 

Nuclear energy could be classed as environmentally sustainable under the UK government’s green taxonomy, the UK chancellor announced in the country's 15 March Spring Budget.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Breaking news and insightful views: Cointelegraph’s Decentralize drops a new style of podcast, curated for you by the Cointelegraph news team. 

Russians are using “several” Moscow crypto exchanges to send Tether (USDT) to people based in the UK, a new report has claimed.

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup. 

A host of finance titans including Abrdn, Ares Management and Sequoia had funds worth billions of dollars where Silicon Valley Bank was acting as custodian before it failed, Financial News can reveal.

Some of HSBC’s largest shareholders have thrown their support behind its move to buy Silicon Valley Bank's UK arm, saying it will boost the lender's presence in one of the highest-growth areas in the economy.

Consumer-focused UK bank NatWest is putting a limit on the amount of money customers can transfer to cryptocurrency exchanges in a move that shows deteriorating relationships between digital asset firms and financial institutions. 

Major crypto exchange Binance has halted deposit and withdrawal services through bank transfers and card payments for customers in the UK after its partner, London-based online payments firm Paysafe, cut off support for transactions carried out in the British pound (GBP).

Chancellor Jeremy Hunt delivered some welcome news in his 15 March Budget that the UK will not enter recession.

The future of the UK's technology businesses in "safe" in HSBC's hands, Chancellor Jeremy Hunt has said, after the lender's rescue deal for Silicon Valley Bank's UK business.

Chancellor Jeremy Hunt said the City remains a powerful hub for finance and innovation despite multiple blows to its capital markets in recent months.

Joe Linhares, the head of Russell Investments' business across Europe, the Middle East and Africa, has left the firm after almost six years.

The recent turmoil in the U.S. banking industry has left crypto-companies searching high and low for new partner banks. Last week, Silvergate Capital, Silicon Valley Bank, and Signature Bank all shut down following regulatory intervention. This forced many users to move their assets elsewhere.

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