CRYPTOCURRENCY
UK lawmakers propose metaverse-specific online safety bill
Members of the House of Lords are of the opinion that activities taking place in the metaverse need to be included into any law that is written in the United Kingdom with the goal of regulating certain internet services.
Huobi Group Secures Regulatory Approval to Trade in the British Virgin Islands
Huobi Group will be one of the first digital assets trading platforms to be given permission to run regulated trading services in the British Virgin Islands (BVI)
British Army Recovers Twitter & YouTube Accounts following Crypto Scam Hack
The British Army recovered from crypto scams after hackers breached its YouTube and Twitter accounts on July 3.
UK to Unveil Plans for Crypto Regulation, Eyeing Stablecoins
According to CNBC, the U.K. government will announce a cryptocurrency regulatory regime in the next few weeks, with a focus on stablecoins, and the details of the plan are still being actively discussed.
UK Tax Authority Updates Its Guidelines for Crypto Taxation
HMRC updates its guidelines for crypto – taxation, relating to both individuals and businesses. The new guidelines explicitly state that crypto-currencies are not considered as ‘money.’