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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 warns users their info was passed to UK tax office

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.