UK Authorities Arrest Suspects for Running $1.2b Crypto Exchange
Two people were detained by the British FCA and Metropolitan Police Service for running a multi-billion crypto exchange. Two London residents who are suspected of running an illicit cryptocurrency exchange have been taken into custody by the Financial Conduct Authority (FCA) and the Metropolitan Police Service. The FCA stated in a news release on Thursday […]
UK Minister Advises Caution on Crypto Regulation
Amid rising user risks, UK Treasure official Bim Afolami stated that excessive regulation should not impede the country’s current crypto landscape, which has attracted considerable attention. An intriguing controversy has surrounded Bim Afolami, a highly esteemed official of the United Kingdom government, who has criticized the excessive regulation of cryptocurrencies and digital assets in the country. […]
Barclays, HSBC, Citi Collaborate to Pilot Tokenized Deposits in UK
Along with other financial institutions in the UK, Barclays, HSBC, and Citi are starting a collaborative project to test tokenized deposits. A group of British banks, including Barclays and Citigroup, is working on a new pilot of tokenized deposits to enhance the tracking of banking payments. The British trade group UK Finance announced in a […]
Coinbase Exchange Integrates with Apple Pay in UK
Coinbase said that the Apple Pay integration is part of its efforts to increase the number of crypto holders in the United Kingdom. Following the new integration, Coinbase customers in the UK can now use Apple Pay on their iPhones to buy Bitcoin, Ether, and other digital assets. In Coinbase’s opinion, Apple Pay would enable […]
UK Crypto Users Face New HMRC Tax Penalties
UK HMRC targets crypto users for tax compliance, and they must declare and pay within tight deadlines. Her Majesty’s Revenue and Customs (HMRC), the UK tax authorities, has taken a big step by issuing a stern instructions to cryptocurrency users. This announcement, which focuses on filing and paying taxes on digital assets within a specified […]