Germany says it's not ready to bar Huawei in potential US snub

A spokesperson for Germany’s interior ministry told CNBC on Tuesday that the nation was not planning to shut any firm out of its 5G network. He said Germany was instead looking to amend existing laws to ensure all vendors could be included. Allowing Huawei into its 5G network would be a move against the U.S.,…

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UK Financial Watchdogs Gives Go-Ahead to Trading Crypto Derivatives

While new digital currency derivatives product such as exchange-traded funds (ETFs) and physically delivered futures are in a precarious situation with an unclear future in the United States, one big United Kingdom store has begun trading a new major financial product that is tied to digital assets. B2C2, a UK-based electronic OTC trading company and…

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The Daily: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London

In today’s edition of The Daily we cover reports that Robinhood is working under the radar to hire staff in London for an expansion into the U.K., an auction of seized cryptocurrency in Northern Ireland, and comments from the founder of Fortnite developer Epic Games about rumored cryptocurrency partnerships. Also Read: Mckinsey: Despite Billions of…

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Seized Monero Up For Auction In UK First

An auction house in Northern Ireland is holding the UK’s first live online auction of seized cryptocurrency. The sale, of 167.69 monero coins will start at midday tomorrow (GMT). First Sale Through Private Auction House Wilsons Auctions, of Newtownabbey, have arranged the sale, which will allow participants to view the live price and place bids…

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UK Government Responds To Treasury Committee’s Crypto Report

The UK government and Financial Conduct Authority (FCA) have released their responses to the Treasury Select Committee’s crypto-assets report. In September of this year, the Treasury Select Committee published its report into crypto-assets as part of its Digital Currencies inquiry, an initiative launched in February 2018 in response to price volatility in the crypo market….

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HMRC: UK Tax Authority Releases Guidance for CryptoAsset Holders

The tax agency of the U.K published an exhaustive explanation of how it looks at digital assets plus how users will be taxed on their holdings, on Wednesday, December 19, 2018. Now, individuals who get crypto as a gift won’t pay the same taxes as those anticipating to accumulate money with them. The UK government…

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UK MP: “Taxes Could Be Paid in Cryptocurrency” | BTCMANAGER

On December 10, 2018, a UK Member of Parliament (MP) spoke out in favor of cryptocurrencies, calling for colleagues to educate themselves further on the technology and, suggested they could be used to pay taxes. Pro-Crypto MP According to an article published by UK media outlet the Daily Express, Eddie Hughes, an MP belonging to…

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Bitcoin Ownership Hits 9% In UK, YouGov Survey Reveals

Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7. 21 Percent See Bitcoin Being As Common As Fiat The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest…

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XRP is now available for Spread betting and CFDs on CMC Markets UK

On 6th November, CMC Markets, one of the global providers for CFDs and spreading announced the support for XRP. Tweet by CMC Markets UK: “Ripple is now available to trade with CMC Markets. It is both a platform used for the peer-to-peer transfer of currencies (RippleNet) and a digital currency (ripple XRP).” Contracts for Difference…

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Citi-Backed Blockchain Startup Setl Brings in BCG Executive as CEO

The appointment of Philippe Morel comes after Setl obtained French approval to maintain a central securities depository. UK-based blockchain startup Setl said on Tuesday it had hired Philippe Morel to serve as its new CEO. So far a high-ranking executive at management advisory major Boston Consulting Group (BCG), Morel is taking over the CEO responsibilities…

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Emma Integrates Crypto Exchanges into Money Management App

Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of “financial advocate” service, is designed to help millennials gain a better understanding of their finances. Also Read: Security Giant G4S Offers Protected Offline Cryptocurrency Storage New…

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Brewdog Brand Welcomes Bitcoin Cash

One of Britain’s best known breweries is welcoming Bitcoin Cashers to its new bar. Scottish firm Brewdog, which boasts of making “beer for punks”, will be giving away £3,000 (US $4,000) at the opening of its Canary Wharf bar on October 19. The bar will be accepting BCH (and BTC) as payment, funded with the…

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London Block Exchange Announces GBP-Backed Stablecoin

London Block Exchange (LBX), a multi-cryptocurrency exchange based in the UK, is partnering with an unnamed bank to create a new cryptocurrency pegged to the British pound. Dubbed LBXPeg, LBX said in its announcement that the new cryptocurrency will be created on the ethereum blockchain and will be tied to the value of GBP held…

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“Wild West” Crypto Market Should Be Regulated, Says UK Treasury Committee

The UK Parliament’s Treasury Committee said that regulation is needed for the “Wild West” domestic cryptocurrecny market. In a report published on Wednesday, the Treasury Committee said that cryptocurrencies are a “Wild West industry” and need to be regulated to protect investors. The report called for the government to address the issues of poor security…

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The Daily: China Escalates Crackdown, Russia Chases Shadows, UK Warns of Scams

Following the closing of social media accounts of crypto news organizations and after forbidding hotels from hosting crypto-related events, China has turned its attention to banning payments to trading platforms based outside the country. We’ve covered the escalation of the crackdown in The Daily. Also, Russia’s Interior Ministry wants to introduce criminal liability for shadowy…

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Mining Malware Hits UK Firms

The latest research has shown that almost 30 percent of the businesses based in the UK have confirmed that their infrastructure has been hit by a crypto mining malware in July 2018. With new ICOs launching every week and the awareness growing among the masses, such threats are enough to sabotage the businesses from entering…

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UK Financial Watchdog Issues Second Crypto ‘Clone Firm’ Warning This Week

The UK Financial Conduct Authority has warned investors over yet another crypto company impersonating registered firm. The UK Financial Conduct Authority (FCA) has sounded an alarm over yet another clone company on the cryptocurrency scene. In a second such warning in a week, the financial regulator said on Wednesday that a company called Good Crypto…

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Coinbase Adds British Pound Support, Speeding Fiat Transfers for UK Clients

Coinbase is now accepting also British pounds (GBP), enabling UK-based clients to make same-day fiat deposits and withdrawals. Leading US-based cryptocurrency exchange Coinbase said it is adding British pounds (GBP) to its list of accepted fiat currencies as of Thursday, in a move that will allow faster fiat deposits and withdrawals for its UK-based clients….

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UK Remittance Service TransferGo Adds Crypto Trading

UK-based service TransferGo has reportedly become the world’s first remittance operator to offer crypto trading, Bloomberg reported July 27. TransferGo now lets customers buy and sell five major cryptocurrencies –– Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), and Litecoin (LTC). According to TransferGo CEO and founder Daumantas Dvilinskas, the crypto trading option was…

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UK Emerges As A Hub For Blockchain Tech

As blockchain technology continues to evolve and expand throughout the world, some countries are establishing themselves as world leaders in the blockchain and cryptocurrency industries. A few examples are Switzerland, China, Japan, and even the United States. However, although the United Kingdom isn’t fully recognized as a leader in the development of blockchain technology, a…

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