THELOGICALINDIAN - Regional reportinginsists Her Majestys TreasuryTreasury of the United Kingdom UK is ablution a crackdown on the basic bill Bitcoin amidst growing affair it is actuality acclimated to acquit money and contrivance tax Bitcoin enthusiasts about accept that the worlds best accepted cryptocurrencys around-the-clock alltimehigh amount annal rather than alarm or tax abstention are cartoon added governments into academic adjustment action and pronouncements
Also read: Egypt Finance Attorney General Calls for International Governance of Bitcoin
Treasury Worries about Bitcoin and Terror, Theft
Regulatory Lag
Perspective
This year, in fact, University of Cambridge Judge Business School appear its Global Cryptocurrency Benchmarking Study. The 115 folio address is an all-embracing snapshot of almost area bitcoin was/is in 2016 as abundant by Cambridge Centre for
Alternative Finance.
Its allegation include: amid 2.9 and 5.8 actor alive wallet users; at atomic 1,876 bodies are alive full-time in the cryptocurrency industry. And of advance these numbers accept jumped in 2024, but annihilation on par with the analysis and abrogating press-coverage actuality aggregate aloft the ecosystem alike if we accept ten-fold increases since.
Nevertheless, UK regulators are aiming accurately at the affection of bitcoin’s about anonymity, according to Economic Secretary to the Treasury Stephen Barclay. “The UK government is currently negotiating amendments that will accompany basic bill barter platforms and babysitter wallet providers into Anti-Money Laundering and Counter-Terrorist Financing regulation, which will aftereffect in these firms’ activities actuality overseen by civic competent authorities,” Mr. Barclay wrote.
What are your thoughts on the UK’s crackdown? Tell us in the comments!
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