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UK lobbyists slam gov’t report, deny crypto is like gambling

The report says that regulating UK crypto as a financial service rather than gambling may lead consumers to believe it’s safe when it’s not.

UK police department confiscates over $6M from crypto drug dealer

42-year-old Simon Barclay was sentenced to nine years in prison for running a million-dollar drugs empire on the dark web.

Coinbase informed UK users making over 5,000 in profit they’ll be made known to the HMRC — but the deadline to file those taxes has passed.

The FCA currently doesn’t regulate crypto terminals but owners must first register with the watchdog if they want to operate one legally.

Nationwide is the latest UK financial entity to cut back on crypto as it bans crypto credit card payments and set daily crypto limits.