United Kingdom Compliance Report

Regulatory Overview

Regulatory Status

Dedicated crypto/VA legislation, licensing regime, active enforcement

Key Regulator(s)

Bank of England, Prudential Regulation Authority, Financial Conduct Authority

Risk Level

low

Primary Legislation

Financial Services and Markets Act 2000 (amended 2023) (2023), e.g., on stablecoins, broader crypto regulation, DLT in financial markets

Travel Rule

Adopted — Threshold: Implemented

Tax Reporting

HMRC self-assessment; capital gains tax on crypto disposals; Digital Securities Sandbox for DLT innovation. Exchanging one cryptocurrency for another. Using crypto to pay for goods or services. Gifting crypto (except to spouses, civil partners, or charities). 18% if you're in the basic rate tax band

Key Facts

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