Bitget Re-Launches UK Website, Expanding Access to Digital Assets for British Users

November 13, 2024 Bitcoin.com

bitcoin.com

Bitget has officially re-launched its UK website in compliance with the Financial Conduct Authority’s (FCA) Financial Promotions Regime. With Archax’s approval, British Bitget users can now access a range of crypto services, including trading and custody for tokenized real-world assets. “At Bitget, compliance is the core of our expansion strategy,” said Gracy Chen, CEO of […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

UK Pension Scheme Embraces Bitcoin, Marking a Historic Leap Into Crypto

November 5, 2024 Bitcoin.com

Bitcoin

A UK pension scheme has allocated 3% of its portfolio to bitcoin, marking a groundbreaking move aimed at diversification and potential long-term growth amid economic challenges. Rethinking Retirement: Bitcoin’s Intriguing New Role in UK Pension Schemes Cartwright, a pension specialist for defined benefit and hybrid schemes, announced a pioneering bitcoin investment in a UK pension […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Pound Sterling Suffers Biggest Drop in 18 Months Amid Reeves’ Tax-and-Spend Storm

October 31, 2024 Bitcoin.com

bitcoin.com

Following the latest budget reveal, the pound sterling has taken a sharp tumble, fueled by mounting worries about the U.K.’s fiscal outlook. Chancellor Rachel Reeves’ decision to pump £70 billion into government spending—funded through additional borrowing—has stirred up significant unease among investors. They’re concerned this move could lead to higher inflation and escalating interest rates. […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Will Banks Survive? Bank of England Prepares to Launch CBDC if Innovation Stalls

October 28, 2024 Bitcoin.com

Bank of England

The Bank of England cautions it could deploy a digital currency if commercial banks falter, signaling a potential upheaval in the future of money. Digital Payments Showdown: BOE Set to Roll Out CBDC if Banks Slip Behind Bank of England (BOE) Governor Andrew Bailey shared his outlook on the evolution of digital payments in a […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

UK Stands Firm on Tough Crypto Regulations, Warns Against Lowering Crypto Standards

October 23, 2024 Bitcoin.com

Bitcoin

A Financial Conduct Authority (FCA) official has emphasized the importance of high regulatory standards for crypto asset registrations. She defended the UK’s stringent rules, aiming to protect consumers and financial markets while fostering a competitive crypto sector. The regulator warned against relaxing standards, advocating instead for collaboration to build a secure foundation for sustainable innovation […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Man Sues City Council for $647,000,000 for Blocking Him From Digging Up Old Hard Drive With Bitcoin: Report

October 14, 2024 The Daily Hodl

Bitcoin

A UK man is reportedly suing his city council for hundreds of millions of dollars for not allowing him to dig up his old hard drive containing Bitcoin (BTC) from a landfill. According to a new report by WalesOnline, James Howells has filed a $647 million lawsuit against the City Council of Newport for blocking […]

The post Man Sues City Council for $647,000,000 for Blocking Him From Digging Up Old Hard Drive With Bitcoin: Report appeared first on The Daily Hodl.

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

UK Finance Publishes Report on Successful Regulated Liability Network

October 5, 2024 Bitcoin.com

bitcoin.com

The various use case tests conducted by UK Finance in partnership with Quant, R3, DXC Technology, and Coadjute found that the Regulated Liability Network could unlock new functionalities for the UK’s financial system. The report also states that UK regulation is versatile enough to support the network’s operations. UK Finance Concludes Experimentation Phase of Regulated […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Crypto Billionaire Flees London Over Offshore Tax Concerns

October 1, 2024 Bitcoin.com

billionaire

Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

FCA Secures First Conviction for Illegal Crypto ATM Operation in UK

October 1, 2024 Bitcoin.com

ATM

Olumide Osunkoya has pleaded guilty to illegally running a crypto ATM network across the UK. Even though the UK Financial Conduct Authority (FCA) denied his registration, his operation handled millions in cryptocurrency transactions. This case represents the first conviction of its type under the UK’s anti-money laundering laws. UK’s First Illegal Crypto ATM Conviction Unveiled […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

UK finance regulator FCA a ‘deterrent’ to crypto industry, says CryptoUK

September 16, 2024 Coin Telegraph

Banking

UK regulators have approved only four out of 35 crypto business registrations in the last 12 months, deterring others from engaging with the process.

The lengthy, difficult registration process for crypto firms in the United Kingdom is acting as a deterrent to business, according to one local industry group.

CryptoUK, a self-regulatory trade association for the UK crypto industry, said some of its members “have expressed reluctance about the process” under the scrutiny of the Financial Conduct Authority (FCA).

A CryptoUK spokesperson told Cointelegraph that its members have “heard stories from organizations that have gone through it, and it’s quite a deterrent. The application is a huge ask in terms of resources, people and finances.”

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