UK

Finance

Asset Manager M&G Invests $20M in UK-Based Crypto Platform GFO-X

Global Futures & Options Holdings is the UK’s first FCA-regulated and centrally cleared trading venue for cryptocurrency derivatives.

By Will Canny

Dec 11, 2023 at 8:06 a.m. UTC

Dec 11, 2023

UKCryptoDerivativesinvestment

Craig Wright (Eamonn M. McCormack/Getty Images for London Blockchain Conference )

Policy

Regulations

Craig Wright's Tulip Trading Must Prove Ownership of Bitcoin in Hacking Case, English Court Rules

The hearing, scheduled to take 15 days, will also seek to determine whether the alleged hack occurred.

By Camomile Shumba

Dec 7, 2023 at 3:59 p.m. UTC

Dec 7, 2023

RegulationsCryptoBitcoinCraig WrightUKCourt Cases

Policy

Regulations

Crypto.com Receives UK Authorization as an Electronic Money Institution

The exchange said it plans to use the license to offer e-money products in the U.K.

By Camomile Shumba

Dec 4, 2023 at 1:10 p.m. UTC

Dec 4, 2023

RegulationsCryptoUKCrypto.comRegistration

HM Revenue and Customs (Peter Dazeley/Getty Images)

Policy

Analysis

UK Won’t Excuse Ignorance in the Hunt for Unpaid Crypto Taxes, Experts Say

The government could use a number of different ways to track down crypto tax evaders, CoinDesk was told.

By Camomile Shumba

Nov 30, 2023 at 4:46 p.m. UTC

Nov 30, 2023

AnalysisCryptoTaxUKRegulations

UK United Kingdom British England Flag (Unsplash)

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Regulations

UK to Hit Crypto Users With Penalties for Unpaid Taxes

The Treasury encouraged users to voluntarily disclose unpaid income or capital gains tax from crypto, NFT and utility token holdings.

By Camomile Shumba

Nov 29, 2023 at 10:46 a.m. UTC

Nov 29, 2023

RegulationsUKTaxCryptoNFT

Distributed ledger technology (GuerrillaBuzz / Unsplash)

Policy

Regulations

UK Regulator Welcomes Fund Tokenization Plan Proposed by Industry Leaders

The Financial Conduct Authority (FCA) is currently exploring whether it could determine money laundering registration applications more quickly for firms already authorized, t...

By Camomile Shumba

Nov 27, 2023 at 11:48 a.m. UTC

Nov 27, 2023

RegulationsUKFCATokenization

Finance

Tether

Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Tether deposited the funds with a subsidiary of investment bank Britannia Financial, according to the report, which cited filings made in the High Court.

By Jamie Crawley

Nov 21, 2023 at 9:31 a.m. UTC

Nov 21, 2023

TetherUSDTCourt CasesHigh CourtUK

Firms may leave the country. (Romain V / Unsplash)

Policy

Analysis

UK's Proposed Crypto Rules Could Drive Away Foreign Firms, Lawyers Say

The government has said it won't extend certain regulatory exemptions reserved for foreign TradFi firms to crypto, potentially making it tougher for companies to enter the mar...

By Camomile Shumba

Nov 16, 2023 at 3:05 p.m. UTC

Nov 16, 2023

AnalysisCryptoUKRegulations

Policy

Crypto

UK Cabinet Reshuffle Gives Bim Afolami Responsibility for Crypto, CBDC, Replacing Griffith

His predecessor, Andrew Griffith, will head up the Department for Science, Innovation and Technology.

By Camomile Shumba

Nov 14, 2023 at 9:37 a.m. UTC

Nov 14, 2023

CryptoUKCBDCGovernment

Policy

Regulations

International Deal to Combat Crypto Tax Evasion to Start 2027 as 48 Countries Sign Up

Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.

By Amitoj Singh

Nov 10, 2023 at 1:36 p.m. UTC

Nov 10, 2023

RegulationsOECDTax EvasionJurisdictionCryptoUKSingapore