Business 2 January 2019

UK regulator launches fraud probe into 18 crypto companies

The Financial Conduct Authority launched the latest round of investigations on Sunday as part of an operation to clean up the crypto sector, with as many as 18 firms under formal investigation.

Business 20 December 2018

UK tax agency rolls out guidelines for crypto tax treatment

The tax authority of the United Kingdom has published guidelines on the tax treatment of cryptocurrencies, in its most comprehensive advice to crypto investors to date.

Business 13 December 2018

UK crypto exchange CEX.IO makes KYC mandatory

UK-based cryptocurrency exchange CEX.IO is now requiring all new customers to undergo a mandatory verification process, as part of enhanced anti-money laundering processes.

Business 13 December 2018

UK-based crypto platform Cubits could be facing closure

The UK-based cryptocurrency trading platform Cubits was one of several that lost a considerable amount of money from fraudulent activity this year.

Business 11 December 2018

British MP wants local tax paid in crypto

Eddie Hughes, a conservative MP for the Walsall North constituency, wants residents in the United Kingdom to be able to pay their local taxes and utility bills using Bitcoin.

Business 22 November 2018

UK’s FCA may ban sale of crypto derivatives

The UK Financial Conduct Authority (FCA) is reportedly considering a ban on crypto contracts-for-difference (CFD) that could be offered to retail investors, which could ultimately be a game-changer for the industry.

Business 1 November 2018

CMC Markets adds Bitcoin BCH support

A financial derivatives brokerage firm out of London, CMC Markets is giving its 60,000 customers more options and will provide support for both Bitcoin BCH, Ripple (XRP) and Litecoin (LTC), all of which can be paired against the U.S. dollar.

Business 30 October 2018

UK mulls ban on crypto derivatives

The UK’s Financial Conduct Authority (FCA) will be holding consultations on a “potential prohibition” of cryptocurrency-based derivatives.

Business 26 October 2018

UK gov’t shelves plans for Royal Mint Gold token

The UK government has pulled the plug on plans that would have seen the Royal Mint launching its own cryptocurrency, amid fears over the unregulated nature of cryptocurrency markets.

Business 12 October 2018

Crypto companies in UK now have a banking option

The banking sector is slowly adapting and incorporating cryptocurrency onto their product portfolio. For example, the London Block Exchange (LBX) is introducing a new service that will give customers in the UK a banking option for both their fiat and their crypto assets.

Business 10 October 2018

Coinfloor, UK’s first crypto exchange, lays off staff: report

The exchange is now turning to significant redundancies amongst its 40 strong team, as part of a wider essential restructuring of their business, sources told Financial News.

Business 24 August 2018

Wirex secures e-money license in the UK

Wirex Ltd., a provider of cryptocurrency debit cards in Europe, has been granted an e-money license by the Financial Conduct Authority (FCA).