UK crypto Financial News

29.11 / 12:58

regulation Taxes UK crypto UK crypto hodlers get a call from the tax grinch

His Majesty’s Revenue and Customs (HMRC) has issued a stern warned crypto users that they must declare and pay their taxes on digital assets within a strict timeframe, or face the consequences. The tax office issued guidance on how to go about declaring and paying taxes on their crypto holdings published on Nov. 29, starts with a clear warning:

15.11 / 20:00

Action Align BitStamp Bitcoin consequences reports prevention UK crypto acquires PayPal Acquires UK Crypto License

PayPal, a notable player in the global payments realm, has secured approval from the Financial Conduct Authority (FCA) to offer cryptocurrency-related services in the United Kingdom. The authorization was disclosed on the FCA's website, affirming that PayPal has been registered for «certain crypto asset activities» in the region since October 31, 2023. This development is part of PayPal's broader scheme to establish a dedicated facility in the UK, aligning with the post-Brexit operational landscape.

14.11 / 16:59

Government regulation policies UK crypto Crypto Policy Bim Afolami takes the reins on UK crypto policy as new Economic Secretary

King Charles II has approved the appointment of Member of Parliament Bim Afolami to the position of economic secretary to the Treasury of the United Kingdom.

03.11 / 12:55

UK government crypto regulation UK FCA UK crypto UK Crypto Regulation Plan Draws Criticism from Former FCA Head

Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments.

02.11 / 17:03

regulation Digital Asset advertisement guidance UK crypto compliance FCA releases guidance for compliance with new UK crypto asset promotion rules

Rules for crypto asset promotion that came into force in the United Kingdom on Oct. 8 have led to some confusion, judging from the low level of compliance. The Financial Conduct Authority (FCA) responded with additional guidance for crypto firms to help them fall into line.

01.11 / 15:07

Payments regulation PayPal Bitcoin UK crypto PayPal scores UK crypto license after brief local Bitcoin buy halt

Global payment giant PayPal has received approval from the Financial Conduct Authority (FCA) to offer crypto services in the United Kingdom.

17.08 / 20:43

regulation FATF crimes AML KYC businesses UK crypto UK crypto businesses to comply with FATF Travel Rule beginning in September

Crypto asset businesses in the United Kingdom will be required to comply with Financial Action Task Force (FATF) Anti-Money Laundering and Counter-Terrorist Financing rules, known collectively as the Travel Rule, beginning Sept. 1, a statement from the Financial Conduct Authority (FCA) reiterated Aug. 17. This will bring the U.K. into conformity with FATF standards set in 2019.

11.08 / 10:05

Provident Digital regulation Action Boeing FCA voice UK crypto Lobby UK Crypto Lobby Group Voices Concerns About FCA's Incentives Ban Impact – What's Going On?

A UK crypto industry group has raised concerns about the potential negative consequences of a proposed ban on incentives by the Financial Conduct Authority (FCA).

29.06 / 20:35

business Blockchain Law regulation bills UK crypto UK crypto bill reaches final stage, on track for passage

A bill bringing cryptocurrencies under the same rules applied to traditional assets is set to pass into law in the United Kingdom as it reaches the final stages for King Charles’ royal assent on June 29, the final step required for a parliamentary bill to become law.

16.06 / 04:53

regulation BitStamp UK FCA FCA Interactive Brokers UK crypto Bitstamp, Interactive Brokers Receive FCA Nod for UK Crypto Operations

The UK's Financial Conduct Authority (FCA) has approved Bitstamp and Interactive Brokers' application to join the financial regulator's registry of crypto asset service providers.

16.06 / 04:17

UPS BitStamp UK crypto Bitstamp scores UK crypto approval as FCA ends six-month drought

European crypto exchange Bitstamp has been rubber-stamped to operate in the UK by the Financial Conduct Authority.

23.04 / 23:49

Digital UK crypto Galaxy Digital eyes UK crypto ETP, but wants regulation first

Galaxy Digital wants to launch a crypto-focused exchange-traded product in London, but the UK’s lack of digital assets regulation has so far held it back.

10.01 / 15:55

Citi UK crypto 2024 regulatory City minister kicks UK crypto laws into 2024 regulatory schedule

The UK will not introduce fresh laws on regulating the cryptocurrency industry until at least 2024, according to the City minister Andrew Griffith.

06.12 / 15:37

regulation Bank of England UK government UK crypto services UK crypto bill to restrict services from abroad: Report

Despite the Conservative Party's rhetorical embracement of crypto under the new Prime Minister Rishi Sunak, the upcoming regulatory framework will reportedly tighten scrutiny over the industry. The legislation updates will broaden the powers of the financial regulator and probably limit foreign companies’ operations in the United Kingdom.

28.11 / 19:31

Blockchain Ethereum SEC coinbase UK crypto Today in Crypto: UK Crypto Fraud Up 32% in Year, Line to Shut Down Bitfront Exchange, Nigeria Won't Include Crypto in Plans to Improve Digital Asset Trading

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

01.11 / 15:47

Progressive UK crypto The Fintech Files: Ex-chancellor slams UK crypto progress, music moguls follow Snoop Dogg into crypto

Lord Philip Hammond isn't angry. He's just "disappointed". Or at least, that's how he feels about the UK’s progress on regulating cryptocurrency.

21.10 / 12:25

Blockchain Cooper UK crypto UK crypto hub hopes at risk amid political chaos

Crypto firms have warned that prime minister Liz Truss’s resignation risks damaging Britain’s already faltering hopes of becoming a world leader in the fast-developing industry.

27.09 / 20:05

Law regulation Revolut UK crypto FCA green lights Revolut, making no UK crypto firms operating under temporary status

The United Kingdom’s Financial Conduct Authority, or FCA, has added cryptocurrency-friendly payments app Revolut to its list of companies authorized to offer crypto products and services in the country.

26.07 / 15:49

Blockchain COP UBS Moelis UK crypto The Fintech Files: Moelis bites on blockchain, UK crypto cops grow some teeth

Ken Moelis, the billionaire former president of UBS, is no stranger to the turbulent world of crypto. He has a personal investment in Paxos, a blockchain firm, and last year likened the industry to the California gold rush of 1848.

16.05 / 08:09

business Investments goldman sachs UK crypto Goldman Sachs and Barclays invest in UK crypto trading platform Elwood

Banking giants Goldman Sachs and Britain’s Barclays have joined a $70 million Series A funding round for the institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard.

28.04 / 13:49

UPS Platform UK crypto Robinhood to buy UK crypto firm Ziglu

Earlier this year, Robinhood outlined plans to make a renewed push for international expansion, setting aggressive goals to start opening up its crypto platform to customers around the world.

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