Regulators will also explore how stablecoins can be utilized in the new Digital Securities Sandbox.
HMRC said the information will help users' crypto activity be linked to their tax record to work out how much tax is payable.
Barclays said it will block cryptocurrency transactions on Barclaycard as of June 27 because of "certain risks" when purchasing crypto.
The U.K.'s incoming rules will be on the more restrictive end, said David Bailey, the executive director of prudential policy at the Bank of England.
Coinbase CEO Brian Armstrong recently met with senior policymakers in the United Kingdom to support the country’s ongoing efforts to shape clear crypto regulations. In a June 16 post on X, Armstrong revealed he had been in London, pictured outside Downing Street, for discussions focused on positioning the UK as a leading crypto hub. While […]
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Optalysys is claiming bragging rights for introducing the LightLocker node, the world’s first server for blockchains that can process data at scale without decrypting it.
Pritchard's elevation is a sign of the FCA's focus on developing a comprehensive regulatory environment for the industry.
The country has been beefing up its crypto work as digital assets have soared in popularity.
Bluebird Mining Ventures Ltd., a London-listed gold exploration company with operations across Asia, has unveiled plans to adopt Bitcoin as part of its treasury management strategy. The firm announced the move on June 5 in a post on X (formerly Twitter), signaling a significant departure from the traditional capital allocation models in the UK mining […]
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This marks IG's first offering of crypto exposure through spot trading of BTC, ETH and a range of smaller tokens
“We are going to launch, in Britain, a crypto revolution. We’re going to make London one of the major trading centers of the world,” Farage said.
The crypto donations can be accepted via a partnership with payments firm Radom.
The Financial Conduct Authority has accepted only 52 companies on its crypto register since 2020.
The country's market regulator's proposed rules are meant to ensure stablecoins maintain their value and seek to reduce the likelihood of stablecoin and crypto custody companies failing.
Digital asset service providers in the UK must submit customer data to His Majesty’s Revenue and Customs (HMRC) beginning Jan. 1, 2026. According to a May 14 update on the financial authority’s website, this move follows the adoption of the OECD’s Cryptoasset Reporting Framework (CARF), which mandates global tax transparency standards for digital assets. Under […]
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Bitcoin approached the $100,000 threshold on Wednesday after teasing a big international trade deal by US President Donald Trump. The agreement, as reported by The New York Times, will be with the United Kingdom and is to be formally announced at the White House on Thursday. Related Reading: XRP At $2.20? Analyst Insists It’s Not Too Late To Get In The cryptocurrency was at $99,200 as of publication, having risen from $97,100 when Trump initially posted about the deal on his Truth Social page. The post, published on May 7, stated that a “big trade deal” with a “highly respected” nation would be announced on May 8. Sources familiar with the situation indicated to The New York Times that the deal is with the UK. Speculation Linked To Bitcoin’s Rise Some Bitcoin observers think the trade deal has helped drive prices higher. FOMO21 co-founder Neil Jacobs wrote on X that Trump’s message was probably the main reason Bitcoin began rising. ????BITCOIN PUMPING, WHY??? TRUMP: BIG NEWS CONFERENCE TOMORROW 10AM EST IN OVAL, MAJOR TRADE DEAL WITH A BIG & HIGHLY RESPECTED COUNTRY pic.twitter.com/QjHM95kXrE — Neil Jacobs (@NeilJacobs) May 8, 2025 Bitcoin reached its latest high of $109,000 on January 20. That was only hours after Trump was inaugurated for his second term. Now, traders are holding their breath to see if this new wave of optimism will propel the coin to new highs. Market Sentiment Turns Greedy The mood in the crypto market has changed. According to statistics from the Crypto & Fear Index, the sentiment is now “Greed” with a reading of 65. That indicates that most investors are optimistic and ready to take higher risks. Source: Alernative.me Meanwhile, Bitcoin’s recent 3% increase has caused approximately $96 million worth of short positions to be liquidated, as reported by CoinGlass. Short liquidations occur when bettors against Bitcoin are compelled to close their wagers because of price increases. Rates Remain Flat As Trump Resists Trump’s tweet saw print just a few hours after the US Federal Reserve chose to maintain interest rates as they were. The prevailing rate range is between 4.25% and 4.50%. Trump had been pushing the Fed to reduce rates, but the central bank made no move. As the Fed held firm, Bitcoin continued rising. That might be an indicator that investors are giving more credibility to trade reports and international politics than central bank policy—at least in the meantime. Related Reading: Bitcoin Mining Giant Abandons Full-Hold Strategy, Unloads $40M In Crypto BTC Action Tracks Tariff Tensions All the way back on February 1, Bitcoin topped $100,000 following Trump’s statement of new import tariffs on nations such as China, Canada, and Mexico. That was the last time that BTC was above six figures. Meanwhile, Bitcoin’s trajectory is still uncertain. But as political news gets hotter, investors are keeping close tabs of the news—and paying attention to the chart. Featured image from Gemini Imagen, chart from TradingView
The UK has confirmed it does not plan to pursue a national Bitcoin reserve, distancing itself from the emerging trend of governments exploring state-backed digital asset holdings. Economic Secretary to the Treasury Emma Reynolds said on May 6 that the UK government has no plans to establish a Strategic Bitcoin Reserve (SBR) while speaking at […]
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The Financial Conduct Authority (FCA) is preparing to introduce stricter regulations for the UK’s crypto sector as it looks to reduce risks for retail investors, according to a new discussion paper. This push comes as digital assets become increasingly popular among the general public. According to recent data, 93% of UK adults are aware of […]
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The Financial Conduct Authority is seeking views on intermediaries, staking, lending and borrowing, and decentralised finance.
The country is falling behind other nations in developing a welcoming environment for crypto companies.
The statutory instruments will see the creation of new regulated activities such as operating a cryptoasset trading exchange and stablecoin issuance.
Under his leadership the FCA has hosted a registration regime for crypto firms and has launched discussion papers on the incoming 2026 regime.
The company is on the Financial Conduct Authority's investment firms register which is for firms that are authorized to perform MiFID investment services.
BlackRock has secured approval from the Financial Conduct Authority (FCA) to operate as a registered crypto asset firm in the United Kingdom. The approval places BlackRock, the world’s largest asset management firm, among a growing list of regulated companies in the region, including Coinbase and Kraken. This milestone also marks a significant step in the asset manager’s continued expansion […]
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British authorities have charged National Crime Agency (NCA) officer Paul Chowles with multiple offenses related to the alleged theft of 50 Bitcoin in 2017. At the time of the alleged theft in 2017, the Bitcoins were valued at approximately £60,000 (equivalent to $77,400). However, with Bitcoin’s surge in value over the years, the assets’ value […]
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UK legislators are advancing a new bill designed to enhance law enforcement’s ability to confiscate crypto linked to criminal activities. The Crime and Policing Bill is currently being reviewed in the House of Commons and is at its second reading stage. The proposed law tackles several criminal justice concerns, including public order offenses, terrorism, sexual crimes, […]
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The Crime and Policing Bill has measures on how to value crypto and retrieve it from criminals.
He tried to sue the local council for not responding to his requests to search the site, but the case was dismissed by a judge in January.
Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK. He explained: “Governments around the world are embracing digital asset […]
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The exchange can now offer crypto services to clients in the country.