Category: UK

UK Treasury to publish draft stablecoin regulations

UK Treasury to publish draft stablecoin regulations

Chancellor Rishi Sunak has put stablecoins and central bank digital currencies (CBDCs) front and center of the U.K.’s efforts to remain a financial services hub post-Brexit. In a statement issued Monday, the U.K. Treasury said it would put forward proposals for regulating “relevant stablecoin initiatives” to ensure they are held to the same standard as rival payment […]

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Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

Privacy-Focused Brave Users Can Now Purchase Bitcoin Cash Through Bitcoin.com

The privacy-centric web browser Brave has partnered with Bitcoin.com in order to give users access to cryptocurrencies like bitcoin cash from directly inside their browser. The newly added Bitcoin.com widget has been added to the latest Brave software and is now available to users in various countries. The latest version of the privacy-oriented Brave browser […]

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UK regulator bans sale of crypto derivatives to retail users

UK regulator bans sale of crypto derivatives to retail users

The U.K.’s Financial Conduct Authority (FCA) has today officially banned the sale of cryptocurrency derivatives and exchange-traded notes to retail users, more than a year after first proposing such a ban. The FCA said these products are “ill-suited” for retail consumers due to various reasons, including “extreme volatility” of cryptocurrencies. There is no legitimate investment need […]

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Breaking: UK bans sale of Bitcoin, Ethereum and XRP derivatives to retail consumers

The Financial Conduct Authority (FCA) prohibits retail consumers from trading in Bitcoin, Ethereum and XRP derivatives. The ban on crypto-derivatives in the UK will come into force in early 2021. The market for crypto-derivatives, e.g. Bitcoin, Ethereum, XRP and other cryptocurrencies has taken a severe hit. The UK Financial Conduct Authority (FCA) has banned its […]

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Tax authority HMRC confirms data collection from Coinbase, exchange says less than 3% of U.K. customers impacted

Tax authority HMRC confirms data collection from Coinbase, exchange says less than 3% of U.K. customers impacted

H.M. Revenue & Customs (HMRC), the British tax authority, has confirmed to The Block that it has sought customer information from Coinbase U.K. and other crypto platforms searching for tax evaders. “We want to help people get their tax affairs right and believe that taxpayers want to get it right,” an HMRC spokesperson told The […]

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