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UK
UK’s FCA Continues Crackdown on Unregistered Crypto ATMs
The regulator, along with local police, raided sites in Exeter, Nottingham and Sheffield, saying that the cash-to-crypto converters are unlawful and a money laundering threat.
Registered UK Crypto Firms Can Approve Their Own Ads, Lawmakers Decide
The law on promotions is set to come into effect around four months from now if there are no objections, the finance ministry has said.
UK Crypto Tax Advisers Welcome Proposed Changes to DeFi Lending, Staking Treatment
The country’s tax authority is consulting the public on new rules it said are aimed at reducing the burden on crypto users.
Celsius Seeks to Merge UK, U.S. Entities Amid Allegations Distinction Was a ‘Sham’
Court filings urge the resolution of an issue, which could prove key to recoveries for customers and Series B investors.
Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide
The crypto mining company is in a stronger position now, interim CEO El-Bakly said.
UK Tax Authority Proposes Changes to Treatment of DeFi Lending, Staking
The proposal, now open for public consultation, will also apply to crypto lending and staking through intermediaries, the authority said.
UK Charities Offered Guidance for Accepting Crypto Donations
Nonprofits need to weigh the risk of volatility and hacks, and follow money laundering norms, the Charity Commission said.
UK FCA Wants to Work With the Crypto Industry to Develop Regulation, Executive Says
The U.K. is consulting on new rules for the crypto sector.
With MiCA Past the Finish Line, UK's Crypto Industry Calls for Rules of Its Own
The finalization of the landmark EU law puts “significant pressure” on the U.K. to deliver its crypto rules, one industry group said.
Bitcoin Drops to $29.2K After Sudden Sell-Off
Bitcoin slid more than 3% in just 15 minutes in European morning hours on Wednesday, taking the largest cryptocurrency by market capitalization near $29,000. Forex.com Global Head of Research Matt Weller discusses whether the UK CPI data played a role in the sudden sell-off. Plus, his BTC outlook after the token's strong performance in Q1 2023.
