The Currency Analytics
By Steven Anderson
Britain sustained a finances-friendly environment centered around the City of London; however, the U.K.
Cryptocurrency trends in the U.K. are changing as the Financial Conduct Authority (FCA) is beginning to update its guidelines on the cryptocurrencies.
The current regulatory environment though in its primordial stage, will go a long way in ensuring a standardized regulated environment, eventually establishing a situation where…
When it comes to its position among the rest of the world in the cryptocurrency leader board, U.K.
The U.K. has not banned cryptocurrency either generally or any tokens specifically. Further, no strict financial laws of the U.K. are applied to existing cryptocurrencies.
Mark Carney, Bank of England Governor stated during March 2018 that “the market for cryptocurrencies is not a threat to U.K. financial stability.
Lawmakers and British Authorities have not been scared by the rise of cryptocurrency and the Government and Her Majesty's Revenue and customs have been comfortably taxing the…
Given the lack of specific regulations or laws and the existing regulatory uncertainties, it is necessary for a well-designed regulatory regime for crypto assets in the U.K.