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…
Tag: UK crypto policy
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…
International Crypto Standards: Will They Come From the Community or Governments?
There are over 2,000 different coins in existence right now, each with their own unique characteristics, uses and communities, while there are masses of different blockchains, platforms and exchanges…
UK-Based Global Funds Network Calastone to Switch Entire System to Blockchain in May
London-based global funds network Calastone is switching its entire system for fund trade clearing services to blockchain this May, Reuters UK reports today, Dec. 3. Calastone processes mutual fund…
UK: FCA Investigations Into Crypto Businesses Have Doubled Since Ma
FCA (Financial Conduct Authority), UK’s Financial watchdog, has doubled the number of investigations into cryptocurrency companies to 50 since May 2018. FCA Increasingly Looking at Crypto Firms According to…
UK: New Report Warns Over ‘Bad’ Government Cryptocurrency Regulation
U.K. businesses and analysts have hit back at government plans to regulate cryptocurrencies and related technology, describing them as a “blunt instrument approach,” British daily news outlet the Telegraph…
