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 regulation
Crypto Financial Services Firm to Offer Crypto Insurance Through Lloyd’s of London
Blockchain security firm and crypto wallet service BitGo has revealed plans to offer cryptoinsurance through Lloyd’s of London, according to a press release on Feb. 19. BitGo Business Wallet clients will be able to acquire insurance for their digital…
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…
London Stock Exchange’s Trading Tech to Power New Crypto Exchange
The London Stock Exchange (LSE) is providing the trade-matching technology for an upcoming cryptocurrency exchange in Hong Kong. The LSE Group announced Tuesday that its Millennium Exchange matching engine has been…
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…
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…
UK: Gov’t Taskforce Proposes Crypto Regulation Changes, Questions Crypto Definition
The U.K. Cryptoassets Taskforce has released a report Oct. 29 that proposes some changes for cryptocurrency regulation and raises concerns over how digital assets are traded and used. Launched…
Crypto Regulations for UK Could Take Two Years, Says Legal Expert
Jeff Kaufmann, Legal Director at British law firm Reynolds Porter Chamberlain (RPC), said that the introduction of cryptocurrency market regulations in the U.K. could take two years, according to…
