Cryptocurrency Q&A
Can a crypto company sell bitcoin in the UK?
Can a crypto company sell bitcoin in the UK?
Leonardo
Wed Jul 03 2024
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7 answers
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Could you elaborate on the legality and practicality of a cryptocurrency company selling Bitcoin in the United Kingdom? I'm curious to understand the regulatory framework and any potential limitations that might apply. Specifically, are there any licenses or permissions required? Also, are there any tax implications for both the seller and buyer? Lastly, are there any specific security measures or best practices that should be followed to ensure a safe and compliant transaction? Thank you for your insight on this matter.
7 answers
Elena
Fri Jul 05 2024
However, this strict regulatory environment has led to some prominent cryptocurrency exchanges, such as Binance and Bybit, ceasing their operations in the UK.
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Dario
Fri Jul 05 2024
Cryptocurrency companies aiming to provide Bitcoin or other digital asset trading services in the United Kingdom must adhere to strict regulations.
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Dario
Fri Jul 05 2024
As a prerequisite, these businesses must successfully register with the U.K. Financial Conduct Authority (FCA) as authorized crypto service providers.
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DavidLee
Fri Jul 05 2024
This registration process ensures that these companies adhere to high standards of financial integrity and consumer protection.
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KimchiChic
Thu Jul 04 2024
These exchanges have chosen to withdraw from the UK market due to the complexities of obtaining and maintaining an FCA registration.
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