Man Reclaims $4.4M in Bitcoin 12 Years After Exchange Collapse
Chris, the pseudonym the British man gave to the media, managed to reclaim his bitcoin stash after a legal fight with Intersango, formerly known as Britcoin, an exchange that shut…
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US and UK Form First-of-Its-Kind Alliance Against Crypto Scams
The United States and United Kingdom formed a first-of-its-kind enforcement alliance targeting overseas cryptocurrency scam centers blamed for nearly $10 billion in annual American losses. The agreement establishes parallel investigations,…
UK Parliament Preps Crypto Donation Ban in New Election Bill
The UK Government is moving to amend provisions regarding cryptocurrency donations in elections, as recommended in April by the Rycroft review. While the document recommended a moratorium on these donations,…
Hargreaves Lansdown Adds Bitcoin, Ether ETNs for Eligible UK Investors
Hargreaves Lansdown has begun offering bitcoin and ether exchange-traded notes to eligible U.K. customers, nearly a year after regulators reopened retail access. The move brings crypto exposure to one of…
UK Reveals 240 Crypto Millionaires in First Official Tax Report
The UK government’s first official report on taxable crypto asset gains identifies 240 people who each declared more than £1 million in capital gains. Together, they reported £717 million, more…
UK Gives Bank of England New Stablecoin Innovation Mandate
The U.K. government plans to give the Bank of England a new secondary objective to support innovation in payments, including stablecoins and other forms of digital settlement. Financial stability will…
UK Gambling Lobby Puts Illegal Premier League Bets at $1.09B
The UK’s Betting and Gaming Council (BGC) says unlicensed operators could take up to $1.09 billion in Premier League wagers this season, rising to about $1.36 billion once a betting…
Crypto Firm Shut Down After Nine Investors Lose Over £300,000
A U.K. court shut down Key Coin Assets Ltd. after nine investors who complained to Action Fraud paid more than £300,000. Investigators found no evidence of genuine trading and described…
UK Tax Agency Sends 81,000 Crypto Tax Letters as Scrutiny Rises
HM Revenue and Customs (HMRC) sent 81,000 warning letters to cryptocurrency investors over suspected unpaid taxes, while expanded international reporting could give the UK tax agency substantially greater visibility into…
Ethics Probe Resumes After Pro-Crypto Farage Wins By-Election
Nigel Farage’s Clacton byelection win immediately restarted a paused ethics probe into his undeclared financial gift from a Thailand-based crypto billionaire. Election Victory and Renewed Scrutiny Nigel Farage, the…