FCA Extends Deadline For Crypto Exchanges
The Financial Conduct Authority (FCA) has yet again extended the Temporary Registrations Regime (TRR) deadline for crypto firms. The end date has been pushed from July 9, 2021, to March 21, 2022. The TRR was established in December 2020 and focused
Starling Bank Suspends Crypto Exchange Deposits
Recently, United Kingdom-based Starling Bank suspended crypto exchange deposits, blaming it on the increased level of financial crimes with crypto payments. However, the bank, in its latest announcement, stated that it plans to resume such service by late June. The bank’s spokesperson
Proposed Capital Gain Tax In U.K. Could Affect Crypto Holders
Cryptocurrency holders and the crypto community in the UK are seriously monitoring the developments regarding a possible increase on capital gains. The proposed tax hike is expected to be deliberated by Rishi Sunak, the U.K.’s Chancellor of the Exchequer. Although Sunak