UK


Policy

UK to Add Crypto Declaration in Tax Forms

Taxpayers will have to record their crypto gains separately as of next year, the U.K. Treasury said.

Chancellor of the Exchequer Jeremy Hunt (Rob Pinney/Getty Images)

Finance

UK Bank NatWest Limits Daily Crypto Payments to $1,200

Customers will be limited to payments of 1,000 pounds ($1,218) per day and 5,000 pounds ($6,090) over a 30-day period.

(Walter Knerr/Pixabay)

Finance

Binance GBP Funding On-/Off-Ramp to Be Suspended in May

The exchange was notified by its fiat partner that it will no longer provide British pound deposit and withdrawal services.

Binance Logo (Danny Nelson/CoinDesk)

Finance

HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound

Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.

(Provided)

Policy

UK’s FCA Can’t Protect Crypto Investors From Losses, Says Agency’s CEO

Nikhil Rathi made the remarks in testimony in front of the Treasury Select Committee on Wednesday.

Nikhil Rathi (FCA)

Policy

UK Financial Regulator Expands Enforcement Against Crypto ATMs to East London

The FCA began taking action against illegal crypto ATMs last month, inspecting sites in the northern city of Leeds.

Página de inicio del sitio web de la Autoridad de Conducta Financiera para la organización de regulación financiera del Reino Unido. (Shutterstock)

Policy

DLT Not Efficient Enough to Power CBDCs: BOE’s Cunliffe

The Bank of England is experimenting with tokenizing assets for real estate sales as well as developing a digital pound, lawmakers were told.

The Bank of England's Jon Cunliffe (Ben Pruchnie/Getty Images)

Policy

UK Banking Regulator to Propose Rules on Issuing, Holding Crypto

The U.K. government recently released a consultation on regulating the industry and a potential central bank digital currency.

British Flag (Unsplash)

Videos

Cryptocurrency Payments App Wirex and Visa Expand Partnership to 40 Countries

London-based cryptocurrency payments app Wirex has signed a long-term global partnership with Visa (V) to expand its footprint in Asia-Pacific (APAC) and the U.K. Wirex will now be able to directly issue crypto-enabled debit and prepaid cards to over 40 countries to over 5 million customers. Wirex Regional Managing Director Svyatoslav Garal shares insights into the expansion.

CoinDesk placeholder image

Policy

Calm Before the Storm: Is UK’s Financial Watchdog Gearing Up for Enforcement Action?

The Financial Conduct Authority has largely been silent while its U.S. counterparts have been busy cracking down on crypto – but it has a list of 51 unregistered firms to act on.

(Jason Thompson/Unsplash)