Wirex adds crypto payments support for 10 new fiat currencies
The service offers access to interbank exchange rates, as well as “unconditional access” to OTC rates for cryptocurrency to its customers through the European Economic Area.
Latest United Kingdom News
Crypto analysis firm Chainalysis secures $30M in Series B funding
Chainalysis, a cryptocurrency analysis firm, has raised $30 million in Series B funding, as the firm looks to expand into new markets in 2019.
FCA issues scam alert after £197M lost to scams in 2018
The Financial Conduct Authority (FCA) has issued a warning to investors over investment scams, many of which are connected to unregulated cryptocurrency companies in the United Kingdom alone.
Blockchain startup DOVU will reward users for sharing transport data
Blockchain startup DOVU has signed an agreement with Go-Ahead, a railway company operating in the U.K. The agreement will allow Go-Ahead to collect data from its users and reward them for sharing.
Crypto liquidity provider B2C2 OTC is FCA authorized
B2C2 OTC Ltd. has received authorization from the Financial Conduct Authority (FCA) to conduct deals in contracts for difference (CFDs).
UK’s FCA provides regulatory clarity for cryptoassets
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.
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.
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.
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.
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.
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.
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.