BREAKING: UK Chancellor to Outline Bitcoin Measures in Budget 2015
The budget is one of the most important days on the UK political calendar as the Chancellor declares new taxation rules, new financial measures to help grow the economy and sets the public spending levels. It is often held in March and is closely watched due to its potential to affect the wealth of millions of individuals and businesses. A spokesman for the UK Treasury revealed for CCN that a study was being undertaken, led by the Treasury working together with different government agencies, on Bitcoin's potential for innovation on financial commerce and Bitcoin's potential risk. The study....
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Wednesday the 18th of March 2015 saw the budget for the future of the United Kingdom economy announced by the British Chancellor of the Exchequer George Osborne. After his most recent statements and tweets on digital currencies future here, let’s have a look at what clues it gives in regards to a new digital economy and related currencies here. The IBTimes UK disclosed a close source to the consultation said that Osborne is expected to make the announcement this week, "possibly within the UK budget". In recent months the UK Treasury has met with members of the cryptocurrency community,....
Ever since the news broke out that the British government was planning to apply AML regulations to Bitcoin, the community has undergone a sea change in fundamental ways. The UK government intends to impose anti-money laundering regulations, as well as KYC to Bitcoin and other cryptocurrencies. The digital currency enthusiasts were all praise for the Treasury Report which was made public on the eve of Chancellor of the Exchequer George Osborne's 2015 Budget. The co-founder & COO of Bitcoin storage service provider Elliptic, Dr. Tom Robinson saw the government's action as a big positive....
Former U.K. chancellor of the exchequer Lord Hammond has reportedly warned about investing in cryptocurrencies. He said, “It’s gambling money,” noting that “people should be extremely cautious” and “Many regard them as closer to gaming than serious investing.” Nonetheless, he is currently serving as a senior advisor to a crypto firm.
Former British Chancellor of the Exchequer Warns About Investing in Cryptocurrency
Former British Chancellor Lord Philip Hammond has reportedly urged investors to be “extremely cautious”....
An Indian industry association has written to the country’s finance minister seeking clarity on cryptocurrency taxation in Union Budget 2022-23. “The budget should ideally offer coherent rules on direct taxation and the GST Council should detail the applicability of taxation, else there will be confusion.”
Industry Wants Clarity in Crypto Tax Laws in Union Budget 2022-23
Indian industry association Indiatech has written to the country’s finance minister, Nirmala Sitharaman, regarding cryptocurrency taxation. The association represents major....
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements. The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% of its value in a spiral.The United Kingdom’s sovereign currency, the pound sterling, is the world’s oldest currency that is still in use today. It is currently clinging above USD-pound parity, since regaining $.03 cents, bouncing to 1 pound....