Tag Archives: crypto

Digital assets law and regulation- time for an update?

Nigel Brahams, Partner and Simon de Broise, Senior Associate from Collyer Bristow’s FinTech team were joined by Professor Sarah Green, Law Commissioner for Commercial and Common Law and Matthew Kimber, Lawyer at The Law Commission, to discuss the latest issues …

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UK will tighten the regulation of cryptoassets this year

The UK government is cracking down on misleading advertising in the cryptoasset markets. The move is in response to concerns that advertisements (which are often targeted at retail investors) can sometimes overstate the benefits of, without adequately warning about the …

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Financial Services Winter update 2021

Private Equity disputes – Clawing their way back? The post-Covid economic recovery has seen high levels of M & A activity, with private equity firms eager to deploy funds following a muted 2020. Nichola Leach discussed whether this is likely to lead to an …

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Cryptocurrency exchange Binance banned from operating in the U.K. by FCA

Cryptocurrency exchange Binance has been banned from operating in the U.K. by the Financial Conduct Authority, in the latest sign of a growing crackdown on the crypto market around the world. The FCA said  that Binance Markets Limited, the U.K. …

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Fraud and asset recovery in the crypto space

The largely unregulated nature of the cryptocurrency space has, on occasion, made it a target for fraudsters. However, a recent High Court decision might assist victims to recover stolen cryptocurrency and other digital assets. The Claimants had been induced to …

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Bank of England & Treasury announce taskforce to explore UK Central Bank Digital Currency

The Bank of England and HM Treasury have announced the creation of a Central Bank Digital Currency (CBDC) Taskforce, tasked with the exploring the establishment of a UK CBDC. A CBDC would be a new form of digital money issued …

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Court confirms status of cryptoassets as ‘property’

The claim followed an instance of blackmail using malware by the first defendant (persons unknown) against the claimant (a Canadian insurance company). The first defendant demanded a ransom of Bitcoin and the Applicant (the Claimant’s UK insurance provider) paid the …

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How are your cryptoassets taxed?

Cryptocurrency has been firmly brought under Benjamin Franklin’s two certainties of life as HMRC published a revised guidance on cryptoassets on 20 December 2019. It came in the form of two documents ‘Cryptoassets: tax for individuals’; and ‘Cryptoassets: tax for …

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Protecting crypto consumers from themselves?

The Financial Conduct Authority (FCA) has proposed a ban on financial instruments linked to cryptocurrencies, warning that such products could cause huge losses for consumers unlikely to understand their risks or value. The FCA said products such as derivatives and …

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Cryptocurrencies enlisted in the sanctions war

The use of sanctions against Russia and Iran is not a new development in the fight to curb their respective rogue geopolitical initiatives, but sanction use has certainly been on the increase in the past two years. In response, those …

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