UK Government To Tighten Bitcoin Regulations to Comply With Anti Money Laundering Policies

The UK government and the treasury will implement stricter Bitcoin regulations and Anti-Money Laundering (AML) policies to prevent financing of terrorism through the cryptocurrency. A spokesperson for the UK treasury stated: “We have clear tax rules for people who use cryptocurrencies, and like all tax rules, these are kept under review. We also intend to… Read More UK Government To Tighten Bitcoin Regulations to Comply With Anti Money Laundering Policies

Financial Conduct Authority Warns People About Cryptocurrencies For The Very First Time

The Financial Conduct Authority warns people about cryptocurrencies for the very first time As Bitcoin’s worth continues to go bonkers around $5600, cryptocurrency trade has never attracted more interest from around the world. There are similar renewed claims from conventional economists that bitcoin is just a bubble that is going to burst at one point… Read More Financial Conduct Authority Warns People About Cryptocurrencies For The Very First Time

Bitstamp Allows Users to Access Bitcoin Cash but Holds off Trading Indefinitely

The Bitcoin Cash hard fork on August 1 resulted in mixed reactions from the cryptocurrency organizations and individuals around the world. Some like Coinbase and Bitstamp, the authorities in Bitcoin in USA and Europe clamped down hard on the Bitcoin Cash (BCH) trading and have since not allowed its trading on their platforms. Bitstamp is… Read More Bitstamp Allows Users to Access Bitcoin Cash but Holds off Trading Indefinitely

UK’s Top Financial Watchdog Warns Public Over Unreliability of ICOs

UK’s top financial watchdog the Federal Conduct Authority (FCA) has released a cautionary statement regarding Initial Coin Offerings. Initial Coin Offerings (ICOs) are initial crowdfunding campaigns for new cryptocurrency that may or may not have some physical presence behind it. The move follows the global trend of clamping down on the ICOs and cryptocurrencies in… Read More UK’s Top Financial Watchdog Warns Public Over Unreliability of ICOs