Tag: UK Treasury

UK Digital bank Starling bans deposits to cryptocurrency exchanges due to high levels of suspected financial crime as we can see more in...

John Glen, economic secretary to the Treasury and City minister, has issued a statement claiming that a large number of crypto startups have...

TL;DR Breakdown • HMRC will require the tax return in BTC.• The UK Treasury changes the cryptocurrency scheme of 2014. The UK treasury...

The government of the United Kingdom has described the XRP token as an “exchange token” in an example given in a new document outlining the country’s regulatory approach to cryptoassets and stablecoins. According to the document, published by Her Majesty’s Treasury, XRP is, just like Bitcoin and Ethereum, seen as an “exchange token” which is […]

The U.K. government is focusing on stablecoins for the next phase of its development of crypto regulations.

Stablecoins are expected to have an impressive year in 2021, benefiting from the surge in crypto prices. It would appear that the year has begun [...]

The U.K. government is moving forward with its plan to harness the expanding crypto and digital asset market by organizing a public consultation on planned stablecoin and cryptocurrency regulations. The move is part of the U.K.’s economic transformation post-Brexit with an emphasis on leveraging the developing fintech landscape. UK Ponders Regulation for Bitcoin, Utility Cryptos,Read More

The UK Treasury aims to bring specific regulations for stablecoins and CBDCs. The Treasury revealed some aspects of the move in a recent announcement. It views stablecoins as an opportunity to turn the country into ‘a pre-eminent financial center.’ The UK is getting ready to regulate private stablecoins, based on the recent announcement by the […]

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