UK

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UK’s FCA Opens Consultation on Cryptoassets Guidance

Yesterday the UK’s Financial Conduct Authority (FCA) have opened consultation for their policy document “Guidance on Cryptoassets“. They are seeking feedback from the public regarding how cryptoassets should be regulated in the UK. The consultation period is open until 5th April 2019, and the final policy statement due this summer. Guidance on Cryptoassets seeks to […]

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Business
Exchange
Finance
Legal
Trading

HMRC Provides Guidance On Crypto Taxation

Her Majesty’s Revenue and Customs UK (HMRC) have published today a policy paper on the tax treatment of cryptoassets for individuals in the UK. As expected, cryptoassets are viewed to be taxable: trades and other disposals should have capital gains taxed. This includes crypto-to-crypto trades. Key amongst the guidance is the following statement to clarify […]

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Business
Exchange
Finance

Coinbase UK: £112m Turnover in 2017

Coinbase UK, the British-based subsidiary of Coinbase has just filed its accounts yesterday to Companies House. It reports a turnover of  just under €128m, which is £112m GBP or $147 USD: The turnover is generated from service fees on transactions.

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Business
Employment
Exchange
Finance

UK’s Oldest Exchange Coinfloor to Layoff Most of its Employees

Coinfloor has stated today that it will be laying off most of its approximately 40-strong employees. Coinfloor is the oldest exchange in the UK. Since its inception, numerous other outlets have emerged to exchange Bitcoin, leading to the layoffs. The bearish markets this year are said to have been a contributing factor.

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Business
Exchange

Coinbase Completes GBP Rollout

In a Medium post, Coinbase CEO Zeeshan Feroz announced that they have successfully completed rolling out GBP support on Coinbase, Coinbase Pro and Coinbase Prime. I’m pleased to announce that all UK customers now have the ability to buy and sell using using GBP on Coinbase, Coinbase Pro and Coinbase Prime. Simply log in to […]

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Phillip Hammond, Chancellor of the Exchequer
Business
Legal
Politics
Public Sector

Smooth Trade Post-Brexit? Look to Blockchains, says Hammond

At the Conservative Party Conference in Birmingham this Monday, Britain’s Chancellor of the Exchequer Phillip Hammond suggested that blockchain technology is an obvious area to look into for easing the friction at the Irish border: There is technology becoming available (…) I don’t claim to be an expert on it but the most obvious technology […]

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Business
Public Sector
Technology

UK Land Registry to Explore Benefits of Blockchain

In a press release today, HM Land Registry announced it would be exploring the benefits of blockchain technology. HM Land Registry will be partnering with Methods and use R3’s blockchain Corda. Our ambition to become the world’s leading land registry for speed, ease of use and an open approach to data requires HM Land Registry […]

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