UK Strengthens Crypto Crime Unit Amid Escalating Crypto Offenses
The NCA of the UK plans to increase the size of its investigation team for digital assets by adding four senior investigators to its Complex Financial Crime Team.
Other top stories
All stories
Latest firstUK Bill to Seize Crypto in Criminal Cases Moves Closer to Law
The bill aims to enhance law enforcement agencies ability to seize and freeze crypto assets linked with money laundering activities.
UK Recognizes Cryptocurrency as Regulated Financial Activity: New Bill Passed
The UK has formally passed legislation designating cryptocurrencies as a regulated financial activity.
UK Law Commission Calls for Tailored Framework for Crypto Collateral; Recognition of Crypto Assets as Property
The Commission noted that current options for using crypto as collateral were deemed inadequate, prompting the call for a bespoke statutory legal framework that would provide clearer guidelines.
UK Financial Market Bill to Be Signed into Law Soon
The comprehensive bill spans 335 pages and is a robust financial services and markets framework to fortify the UK's economic systems in the post-European Union era.
Binance Withdraws Registration in the UK
According to the Financial Conduct Authority, Binance's UK business can no longer serve customers.
UK’s FCA Takes Legal Action Against Unlawful Crypto ATM Operators
According to the UK FCA, no operator of cryptocurrency ATMs had registered with it, making their operations unlawful in the nation.
UK Tax Authority Seeks DeFi Tax Changes
A new tax system for staking and lending on decentralised protocols is being developed in the UK.
Crypto firms struggle as U.K. banks shy away from digital asset sector: Report
The reports state that crypto companies are facing application rejections from U.K. banks. For eg, SavingBlocks, which applied with nine different UK banking service providers for a corporate account, had its application rejected by seven of them
UK Adds Crypto Capital Gains Disclosure In Tax Forms
U.K. residents will be mandated to disclose the value of their crypto holdings, beginning in the following tax year, which runs through April 2025.
