United Kingdom ministers have initiated significant efforts to curb tax evasion among crypto traders. Holders of digital assets such as Bitcoin, Ethereum, or XRP are already obligated to pay tax on profits generated from trading these assets, a rule that has been in place for some time. However, new regulations are set to tighten enforcement,…
In a move signalling the growing importance of digital currencies in legal and financial proceedings, the UK’s Insolvency Service has appointed its first-ever crypto intelligence officer. The role, filled by veteran investigator and former police detective Andrew Small, marks a critical step in the government’s efforts to recover digital assets tied to bankruptcies and criminal…
The UK tech industry has responded with cautious optimism to Chancellor Rachel Reeves’ highly anticipated £600 billion Spending Review, which outlines the government’s renewed push to cement Britain’s status as a global technology leader, especially in artificial intelligence. Unveiled this week, the review sets out major investments in science, tech, and innovation, including a headline…
On June 10th, 2025, Dimolad Limited, a fund recovery agency, announced the introduction of its crypto scam recovery services for sufferers in the UK. It is a known fact that as digital currencies continue to change the face of global finance, we see an increasing occurrence of highly sophisticated fraudulent practices. The demand for professional…
Big Tech Finds an Open Door in Downing Street When former Google CEO Eric Schmidt shared the UK’s problem was having “so many ways that people can say no,” he was speaking at an October 2024 investment summit, standing beside Keir Starmer. His presence symbolized more than just admiration for British innovation—it highlighted just how…
The United Kingdom is taking decisive steps toward becoming a world leader in digital asset regulation. On April 29, Chancellor of the Exchequer Rachel Reeves announced the government’s intention to implement a “comprehensive regulatory regime” for the crypto sector, aiming to attract innovation while securing the financial system. The UK Treasury detailed the framework in…
UK authorities intend to prohibit individual investors from acquiring crypto assets through leverage due to apprehensions regarding the volatile nature of digital assets and the risk they pose financially. The UK’s Financial Conduct Authority (FCA) published a document on May 2, outlining its proposed rules for crypto assets, which include this restriction. The FCA’s action…
According to reports, the Financial Conduct Authority (FCA), which is the primary financial regulator in the UK, is considering restricting the ability to use credit to buy Bitcoin and other crypto assets. This stems from concerns regarding straining consumer debt and other financial injuries. The proposal was presented in a new discussion paper that the…
The UK’s Financial Conduct Authority (FCA) is introducing new regulations for cryptocurrencies, urging public and industry feedback on crypto intermediaries, staking, lending, borrowing, and Decentralized Finance (DeFi). The move follows the UK Treasury’s draft legislation, which will formally place a wider range of crypto activities under FCA’s direct supervisory power. The FCA aims to balance…
The United Kingdom is set to introduce draft legislation that will formally regulate cryptocurrency firms, marking the start of increased government oversight on one of the fastest-growing industries in the world. This puts the UK at odds with the European Union’s model while bringing it in line with the United States. The draft legislation seeks…
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