Cryptocurrency Q&A
Is cryptocurrency legal in UK?
Is cryptocurrency legal in UK?
Giulia
Sat Mar 30 2024
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8 answers
2196
Hello, I am a bit confused about the legality of cryptocurrencies in the UK. Could you please enlighten me on this matter? I understand that cryptocurrencies are digital assets that use encryption techniques to secure transactions and control the creation of new units. However, I am unsure if they are recognized as legal tender in the UK or if there are any specific regulations governing their use. Could you please clarify this for me? Thank you for your time and assistance.
8 answers
KiteFlyer
Mon Apr 01 2024
Cryptocurrency is legal in the UK.
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SumoPower
Sun Mar 31 2024
This means it cannot be used to pay taxes or debts to the government.
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CryptoTitan
Sun Mar 31 2024
Individuals can purchase crypto assets from providers.
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WhisperInfinity
Sun Mar 31 2024
However, it can be traded and used for transactions between individuals and businesses.
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KatanaGlory
Sun Mar 31 2024
These crypto assets can be stored in digital wallets.
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