The UK’s Financial Conduct Authority (“FCA”) has introduced robust new rules for those marketing cryptoassets to UK consumers. In Policy Statement PS23/6, new requirements covering financial promotions for all firms aimed…
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Cryptocurrency
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CryptocurrencyEconomyUKUK Government
UK Enforces Crypto Tax Break for Foreigners Using Local Brokers
by Flynn Owenby Flynn OwenThe U.K. is enforcing a tax exemption for foreign investors purchasing crypto through local investment managers or brokers starting Sunday. The tax break, announced in December, is a part of Prime Minister Rishi Sunak’s…
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The rise and fall of an FSB-run money laundering empire
As the head of the banking oversight department at Russia’s domestic intelligence agency, Colonel Kyrill Cherkalin wielded immense power: with a click of his fingers, he could cause bankruptcy or…