Nov 07, 2019 at 08:35
UK’s Tax Authority Rejects Recognizing Bitcoin as Money
The emergence of new forms of money, including bitcoin and other digital currencies, has been embraced by various groups of people, businesses and governments across the world and this has triggered global financial regulatory watchdogs to start formulating and amending their rules and regulations concerning cryptocurrencies.
Jun 13, 2019 at 16:21
Could Brexit be the Next Push for Crypto
As stock markets are declining over the past months with fears of a looming trade war, cryptocurrency markets are way up, slowly resurging into their peak levels. Are these two things connected? Could we say that there is an adverse relationship between the stock market and the crypto market as a whole?
UK Financial Watchdogs Gives Go-Ahead to Trading Crypto Derivatives
While new digital currency derivatives product such as exchange-traded funds (ETFs) and physically delivered futures are in a precarious situation with an unclear future in the United States, one big United Kingdom store has begun trading a new major financial product that is tied to digital assets.
FCA: UK Regulator Inquires 67 Cryptoasset Firms
The U.K disclosed that it has rolled out a total of 67 different inquiries into cryptoasset firms, out of which 49 were successfully closed and 18 are still ongoing. To boot, the U.K government has ratified that it is poised for action to offer more aid to the Financial Conduct Authority (FCA) to assist regulate the cryptocurrency sector.
HMRC: UK Tax Authority Releases Guidance for CryptoAsset Holders
The tax agency of the U.K published an exhaustive explanation of how it looks at digital assets plus how users will be taxed on their holdings, on Wednesday, December 19, 2018. Now, individuals who get crypto as a gift won’t pay the same taxes as those anticipating to accumulate money with them.