Dave Ramsden, deputy governor of the United Kingdom’s central bank, has said that crypto assets are too volatile to be a store of value. Ramsden made his comments in an interview…
Tag: UK crypto policy
New Blockchain ETF Co-Operator Elwood Plans Fresh Crypto Investment Options
United Kingdom-based asset management company Elwood Asset Management is looking to increase its cryptocurrency offerings after co-launching a blockchain exchange-traded fund (ETF), Bloomberg reported on March 12. Elwood, which is owned by billionaire Brevan Howard…
South Korea Establishes Special Task Force to Prevent Cryptocurrency-Related Crimes
The South Korean Supreme Prosecutors’ Office (SPO) has announced the establishment of a task force to fight cryptocurrency-related fraud and crimes. The development was reported by the Korean Broadcasting System (KBS), one of the…
UK Auction House to Sell Off $430K in Crypto Confiscated by Belgian Police
United Kingdom and Ireland-based auction house Wilsons Auctions will host its first Bitcoin (BTC) auction in late February as per a contract with the Belgian Federal Government. The news was announced in…
Ethereum Client Parity’s Afri Schoeden Quits Social Media Amid Community Infighting
Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has withdrawn from social media amid a spate of infighting in the Ethereum (ETH) community. In a tweet posted on Feb….
BIS Report Questions Longevity, Efficacy of Proof-of-Work Based Cryptocurrencies
A recent report from the Bank of International Settlements (BIS) has cast a spotlight on the efficacy and longevity of the proof-of-work (PoW) consensus and the future of Bitcoin. The paper takes an in-depth…
UK Financial Regulator Releases Consultation Paper on Crypto
The United Kingdom’s financial regulator has published a consultation paper titled “Guidance on Cryptoassets” today, Jan. 23. The stated goal of the Financial Conduct Authority’s (FCA) paper on cryptocurrency is to provide more regulatory clarity…
UK Tax Agency Publishes Detailed Guidance for Crypto Holders
The United Kingdom’s tax agency has just released a comprehensive explanation of how it sees crypto assets and how individuals may be taxed on their holdings. Her Majesty’s Revenue…
UK Parliament Member Suggests Making Bitcoin a Payment Option for Local Taxation System
A conservative member (MP) of the United Kingdom’s (U.K.) Parliament has said that making payments to local authorities and utility providers with Bitcoin (BTC) should be possible. The MP’s…
Major UK Charity Fund Executive Believes Crypto Market Crash Is ‘Just a Bump in the Road’
A major United Kingdom charity fund executive said at the Bloomberg Crypto Summit in London this Friday that the recent crypto market crash is just a “bump in the…
