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UK
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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
