The U.K. Financial Conduct Authority (FCA) has released their outline for an approach to cryptocurrency assets, and helps to categorize different types of assets, and what they feel falls under their jurisdiction.
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.
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.
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.
The UK-based cryptocurrency trading platform Cubits was one of several that lost a considerable amount of money from fraudulent activity this year.
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.
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.
The UK’s Financial Conduct Authority (FCA) will be holding consultations on a “potential prohibition” of cryptocurrency-based derivatives.
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.
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.
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.