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A recent survey threw light on how UK investors viewed Bitcoin as an investment. Some said they would invest more, while others think they have already “missed the boat.” Missing the boat? Maybe not A survey by policy think tank Parliament Street found crypto investors in the country had mixed feelings for Bitcoin’s future prices. […]

According to chartered accountants HillierHopkins, Her Majesty’s Revenue and Customs (HMRC) will target crypto investors in the up-and-coming budget on March 3. Principal at the firm Thomas Gibbs predicts this will take the form of a hike in Capital Gains Tax (CGT) from 20% to 40%. “HMRC sees cryptocurrencies not as a currency but as […]

Who said using Bitcoin for purchasing things was a lost cause? Bitcoin for air travel Move over the Bitcoin-can’t-be-used-to-buy coffee narrative. A new report claims that travelers are using Bitcoin to purchase airline tickets, as per a release on aviation news site Simple Flying. PrivateFly, the UK-based charter carrier, said Tuesday that 19% of its […]

Gabriel Makhlouf said investors are likely to lose their entire investment as Bitcoin and other cryptocurrencies go to zero. Bitcoin investors be wary A European Central Bank governing council member said in a conference over the weekend that cryptocurrency investors were likely to head towards zero, as per a report on Bloomberg. Gabriel Makhlouf, the […]

The crypto skeptic made the comments in an online discussion during this year’s Davos agenda. Bitcoin not the solution? Bank of England governor Andrew Bailey does not see Bitcoin and other cryptocurrencies existing in their current forms for a long period, especially as the broader technology sector develops further. [WATCH] Bank of England Governor, Andrew […]

The regulator issued the warning shortly after crypto markets took a hit on Monday. No getting rich quick U.K.’s Financial Conduct Authority (FCA) warned on Monday that investments and lending products related to crypto come with “very high risks,” as per a report on news outlet CNBC. The FCA has issued similar warnings in the […]

CryptoSlate recently had the opportunity to chat with the Managing Director of Nexo, Antoni Trenchev. Nexo is a leading digital asset company best known for providing the world’s first instant crypto credit lines. Prior to catching the blockchain bug in early 2013, Trenchev studied finance law at King’s College London and Humboldt University of Berlin. […]

It’s the festive season and that time of the year where new deals, business offers, discounts, buy one get two free, and (err..and even scams?) offers light up internet buyers around the world. And this time…Bitcoin’s on offer too. Win Bitcoin! Financial tech firm and wallet player Revolut announced its Bitcoin Black Friday offering earlier […]

CryptoSlate is excited to announce it will bring you exclusive coverage of crypto edutainment channel Cryptonites each week, thanks to a partnership with the impressive London-based video production team. You have probably seen their videos on CryptoSlate over the past few weeks, but in case you didn’t know them yet: Cryptonites is a community-driven edutainment […]

The Isle of Man Financial Services Authority (IOMFSA) has published guidance setting out its position regarding the applicability of financial regulatory requirements to cryptocurrencies and tokens issued using blockchain technology, as per a release shared with CryptoSlate. The guidance has been developed in partnership with Digital Isle of Man, an Executive Agency of the Department […]

The Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets. He has now doubled down on this criticism, noting that he is “very nervous” about people purchasing Bitcoin and trying to use it as a means […]

The U.K. Financial Conduct Authority (FCA) has published a new set of rules banning the sale of crypto derivatives to retail consumers in the country. The regulator made the decision to protect consumers almost a year after first proposing the ban, explaining that cryptocurrency derivatives are “ill-suited” for retail consumers as they can pose harm. […]

Despite Bitcoin trading far below its previous all-time high of $20,000, there are more prominent investors, celebrities, and politicians adopting the cryptocurrency than ever before. This much was made clear when Godfrey Bloom, a U.K. politician that is also an economist of the Austrian school, announced this week that he has purchased Bitcoin, adding to […]

A new report commissioned by the Cambridge Center of Alternative Finance, a research effort focused on cryptocurrencies, said over 101 unique million users opened new accounts at crypto service providers such as exchanges and wallets. The metric showed strong growth for the nascent industry, which has been positioned as an alternative to gold and government […]

A London-based Bitcoin wallet company is reportedly considering a public listing in the UK in the coming months, according to British news outlet Telegraph. Bitcoin app plans to go public Weeks after a new Bitcoin exchange-traded fund (ETF) was approved to trade in Europe, a Bitcoin-centric company is plotting out a public offering of its […]

In the latest proposal concerning Bitcoin and crypto businesses, the UK’s top financial regulator, the Financial Conduct Authority, said all firms would be compelled to share reports on potential money laundering. Bitcoin under the scanner According to a document on August 24, the FCA plans to legally oblige UK-based crypto firms to share any suspicious […]

Cryptocurrency firms advertising to U.K. citizens will be governed by legal regulations for marketing their products, as per Her’s Majesty Treasury announcement Monday. Crypto ads to be scrutinized  The HM Treasury is weighing a proposal for “better” consumer protection for users of cryptocurrencies and similar products. Documents obtained by CryptoSlate show city minister John Glen […]

England’s premier bank announced Monday it is considering digital currency research and development. The rise of China’s digital yuan—referred to as the DCEP in some quarters— and Facebook’s Libra currency served as a catalyst. England the latest digital currency contender The Bank of England is mulling digital currency development, bank governor Andrew Bailey said June […]