🚫 MAJOR BAN on #Crypto Incentives in the UK! The FCA proposes a ban on “refer a friend” bonuses and “new joiner” rewards for crypto investments. Clear risk warnings will be required. Stay informed! #Cryptocurrency #Regulations
📢 Breaking News: UK Treasury Committee suggests Bitcoin and crypto trading regulation akin to gambling. A significant step in crypto regulation? #Bitcoin #CryptoRegulation 🇬🇧
People called out the UK’s possible overreach should it allow the country’s tax authority to seize crypto from those who don’t pay taxes.
Cryptocurrency giant Coinbase explores business expansion in the UAE and UK amid ongoing regulatory conflicts with the US SEC.
The USA may experience a mass exodus of cryptocurrency businesses and investors, as countries like UK, EU, UAE, Hong Kong, and Singapore welcome them.
The UK government seeks opinions on altering tax treatment for DeFi lending and staking, potentially changing cryptoasset disposals in non-DeFi transactions.
Uphold’s public service announcement came amid XRP’s pump to $0.55 and Binance’s GBP exit. Read here for more.
UK banks have restricted crypto as Nationwide Bank imposes daily restrictions of £5,000 since its credit cards can no longer be used to purchase crypto.
Former U.K. chancellor of the exchequer Philip Hammond will join crypto custody firm Copper as chairman. Hammond has been Copper`s senior advisor. Read CNL.
The UK treasury and BOE to increase measures to stop the financial market volatility from extending beyond a $1 trillion segment of the pensions business.
The pound drops to a new record low after the UK stressed more tax cuts. Crypto investor Lark Davis compared the dropping GBP to a ‘Shitcoin’. The Bank of England is expected to make a move if the situation gets worse. The British pound (GBP) plunges to a record low after the UK government vowed to assert more tax cuts, which fuels uncertainty that will bring new tax policies that will affect both equities and cryptocurrencies. In a tweet, popular bitcoin and crypto investor Lark Davis told his 1 million Twitter followers how troubled he was with the plummeting price
Goldman Sachs predicts a significant decrease in British economic growth. The United Kingdom (UK) experienced a record high inflation in June. The main drivers of inflation in the UK are energy prices. Goldman Sachs economists are forecasting a severe decline in British growth later this year, attributing the problem to inflation which has reduced the amount of disposable income for families. The investment bank has downgraded its growth forecast for the UK economy from 1.4% to 0.6%. With each passing day, the macro-world economy gets worse. Consumers’ purchasing power has decreased, while producers have been tolerating low demand. The combination
