European banks head into another weekend of uncertainty as default risks surge
An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. Go to Source Powered by WPeMatico
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CryptoUK calls on regulators to address de-banking of digital asset firms
The trade association said many banks in the U.K. had begun imposing blanket bans on dealing with crypto firms “instead of taking a risk-based and case-by-case approach.” Go to Source Powered by WPeMatico
Crypto assets to become a separate category in UK tax forms
The recent national budget, published by His Majesty’s Treasury, announces the amendment of the self-assessment forms for crypto assets. Go to Source Powered by WPeMatico
UK Treasury Budget Discusses Separate Reporting of Crypto Assets in Tax Documents
Taxpayers in the United Kingdom will have to report cryptocurrency assets separately in their tax documents for the tax year 2024-25, according to the Exchequer’s recently published spring 2023 budget. New Criminal Offenses Planned by U.K. Government to Combat Tax Avoidance Amid the chaos in the banking sector following the collapse of Silicon Valley Bank’s … Read more
NatWest bank puts $6K monthly limit to crypto exchange payments
NatWest’s head of fraud protection emphasized the importance of self-custody in crypto amid the bank imposing new crypto restrictions. Go to Source Powered by WPeMatico
Silicon Valley Bank collapse: Everything that’s happened until now
Events surrounding Silicon Valley Bank are moving fast. Here is a breakdown of the major developments over the course of three days. Go to Source Powered by WPeMatico
Bank of London bids to acquire Silicon Valley Bank’s UK arm
The global clearing bank is leading a consortium of private equity firms seeking to purchase SVB’s British arm. Go to Source Powered by WPeMatico
UK regulators moving “at pace” to deliver a plan for tech firms hurt by SVB collapse
An emergency plan to rescue startups and tech companies affected by the Silicon Valley Bank collapse is underway in the United Kingdom. Go to Source Powered by WPeMatico
FCA officials tell UK parliamentary committee crypto regulation is unavoidable
The CEO and chairman of the UK’s financial regulator took a grim tone as they discussed crypto regulation, but conceded that they’re the ones who have to do it. Go to Source Powered by WPeMatico
Technical discussions take center stage at Advancing Bitcoin conference in London
A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed. Go to Source Powered by WPeMatico
