United Kingdom


Policy

Sling Money receives approval to offer crypto services in UK as stablecoin payments gain popularity

The crypto payments app joins a growing group of regulated firms as stablecoin transfers gain traction as a cross-border alternative.

UK FCA building (FCA, modified by CoinDesk)

Markets

Number of crypto users in the UK drops even as amount held increases

About 21% of people surveyed by the Financial Conduct Authority said they hold between $1,345 and $6,718, and the most popular cryptos are bitcoin and ether.

UK Parliament Building and Big Ben, London, England (Ugur Akdemir/Unsplash, modified by CoinDesk)

Policy

UK Government to Start Cracking Down on Crypto Tax Avoidance in January

The U.K. released new guidelines that include rules for crypto exchanges to start providing the British tax authority with full customer information on all their digital assets.

HMRC

Policy

UK Proposes ‘No Gain, No Loss’ Tax Rule for DeFi in 'Major Win' for Users

The proposal, with input from major industry players, aims to bring tax rules in line with how DeFi works, reducing outcomes that don't reflect reality.

Big Ben in the UK (Heidi Fin/Unsplash/Modified by CoinDesk)

Opinion

Britain’s Digital ID Push Is Premature and Dangerous

The UK government is moving quickly toward a centralized digital ID system without the technological or legal safeguards to protect against authoritarianism or cybercrime.

Surveillance camera (Tobias Tullius/Unsplash/Modified by CoinDesk)

Policy

UK Bitcoin ETNs Could Be a Bigger Deal Than People Expect

The FCA’s reversal of a ban on crypto ETNs after four years marks more than a regulatory tweak, with some industry voices calling it a turning point for Britain’s role in global crypto markets.

A view over the City of London taken over the Thames near Tower Bridge. (Cj / Unsplash+)

Policy

Court Freezes $1 Billion of Assets of Three Arrows Capital Founders

The worldwide order by a British Virgin Islands court applies to Su Zhu, Kyle Davies and Davies' wife, Kelly Chen.

Three arrows hit bullseye of a target (QuinceCreative/Pixabay)

Opinion

Why Edinburgh Is Zumo's Crypto Hub

A conversation with Nick Jones, the co-founder and CEO of digital-assets infrastructure platform Zumo, on how being accepted to a blockchain accelerator and COVID-19 workplace changes influenced their choice to establish and remain in Scotland.

headshot of Nick Jones against bright pink background

Policy

UK Crypto-Focused Parliament Group Calls on New PM Sunak to Clarify Crypto Policies

The group’s chair said on Tuesday that firms in the U.K. “desperately need clarity” over the country’s approach to crypto policy.

MP Lisa Cameron, chair of the U.K. Parliament’s digital assets group. (Richard Townshend/Wikimedia)