The Bank of England has proposed plans to fix how much individuals and businesses can hold in systemic stablecoins, drawing sharp dispute from crypto industry groups. Based on that , individuals could be limited to between £10,000 and £20,000 (~US$13,600–$27,200), while businesses might face a top amount of about £10
The UK’s expanding cryptocurrency market has marked a milestone as IG Group becomes the first London-listed company to offer direct crypto trading to retail investors. From this week, IG clients in the UK can buy and sell 38 different digital tokens, including Bitcoin, Ethereum, and the leading altcoins like XRP
The United Kingdom is set to implement stringent regulations requiring cryptocurrency firms to collect and report detailed personal data from users, starting January 1, 2026. This move by Her Majesty’s Revenue and Customs (HMRC) aims to curb tax evasion in the rapidly growing digital asset sector. According to the upcoming
An investment executive has called on the UK government to impose a tax on cryptocurrency purchases. Lisa Gordon, chair of investment bank Cavendish, believes this move could encourage more Britons to put money into domestic equities instead. She shared her views in an interview with The Times on March 23.
Crypto custody firm Copper Technologies withdrew its application to get a UK crypto license. The news came to light when Bloomberg reported on the company’s decision to withdraw its application today. The company stated the reason behind its withdrawal as its shift in priorities of the new CEO. The company’s
Financial Conduct Authority (FCA) has revealed that 12% of UK adults now own crypto assets, marking a rise from 10% in 2022. BaseFCA’sa survey of 2,199 UK adults, the FCA’s latest research highlights an unprecedented growth in cryptocurrency adoption, with over seven million UK residents now holding digital assets, up
