Tag: #Crypto

UK recognises cryptocurrency as personal property

Owners of Bitcoin and other digital assets will benefit from greater legal protection thanks to an important clarification to the law. New law confirms digital assets like crypto tokens can be recognised as personal property Victims of digital theft and fraud gain stronger protections as legislation passes through the final stages of Parliament Part of Government’s Plan for Change for growth to boost the UK’s reputation as a global … Continue reading UK recognises cryptocurrency as personal property →

New Cryptoasset reporting rules – Jan 2026

From 1st January 2026 if you provide cryptoasset services in the UK, you’ll have new responsibilities for collecting data and reporting it to HMRC. Failing to provide accurate info could mean a penalty, additional fines, and account restrictions. ❌ This is because the UK is introducing the Organisation for Economic Development (OECD) Cryptoasset Reporting Framework … Continue reading New Cryptoasset reporting rules – Jan 2026 →

Investigation into $28 million crypto scheme

The Serious Fraud Office (SFO) launches first major cryptocurrency investigation into suspected fraud. The Serious Fraud Office (SFO) (20th November 2025) have issued an appeal for investors to come forward with any information they hold about the collapse of a $28 million cryptocurrency scheme called Basis Markets.  The SFO launched an investigation into the suspected fraudulent scheme with two raids in West Yorkshire … Continue reading Investigation into $28 million crypto scheme →

Crypto bros being forced to pay fair share of tax

New rules are to unmask anyone evading tax due on their crypto profits UK crypto holders must provide personal details to crypto service providers from January 2026 or face penalties of up to £300 This is to align with government’s Plan for Change to ensure everyone pays their fair share of tax to fund vital … Continue reading Crypto bros being forced to pay fair share of tax →

Owners of Bitcoin and other digital assets to benefit from greater legal protection 

Bitcoin and other digital assets can be considered personal property under new draft law introduced in Parliament 11th September 2024 Owners to benefit from increased legal protection Changes will keep English and Welsh law at the forefront of the global tech industry The Property (Digital Assets etc) Bill, introduced in Parliament will mean that for … Continue reading Owners of Bitcoin and other digital assets to benefit from greater legal protection  →

Crypto Asset tax return requirements

With use of cryptoassets growing, HM Revenue and Customs (HMRC) is urging people to avoid potential penalties and check if they need to complete a Self Assessment tax return for the 2022 to 2023 tax year. Anyone with cryptoassets should declare any income or gains above the tax-free allowance on a tax return. Tax may … Continue reading Crypto Asset tax return requirements →

Consultation to ban scam calls launched

A special support service for victims of fraud has also been expanded to cover all 43 police forces in England and Wales. Plans to ban cold calls for financial products such as sham cryptocurrency schemes, mortgages and insurance have been set out with the launch of a consultation, marking the next step in delivering the … Continue reading Consultation to ban scam calls launched →

Plans to regulate crypto and protect consumers

The government will set out plans to robustly regulate cryptoasset activities – to provide confidence and clarity to consumers and businesses alike Consultation proposals include strengthening rules for crypto trading platforms and a robust world-first regime for crypto lending Announcement delivers on financial services roadmap by embracing technological change and innovation, delivering on the Prime … Continue reading Plans to regulate crypto and protect consumers →