United Kingdom

Regulatory Policy
Unknown
GDP (USD)
280.38B
Population
66.80 M
Exchange Registration
1692
Exchange Business
0
Exchange Field Survey
0

Trading environment analysis

Surprisingly, the United Kingdom cryptocurrency regulation is much different than that of a country like the USA. They actually view Bitcoin and other digital money as a foreign currency, and that means taxes and VAT apply differently than they would in a nation where it is viewed as property.

Coins and tokens are not regulated, and that gives the users of them much more freedom than they would in other nations. When simply exchanging currencies VAT does not apply, but it will if those currencies are used to purchase goods and services. Investors will also owe capital gains taxes on profits.

It seems though that when it comes to business the UK is taking a far different stance than the US. Thanks to the Brexit fiasco many companies are moving away from the country, and it seems being more welcoming to blockchain companies is being used as a way to lure them back to acquire much-needed jobs and tax revenue from these new blockchain entities.

However, it seems that crypto friendly nations like Estonia and Malta are way ahead of them, and they'll need to do a lot to entice blockchain companies to set up shop on the mainland instead where things are often viewed as less favorable.

Regulators
Regulated Exchange
NashEx
Details

A Visit to NashEx in UK - No Office Found

The survey personnel went to London in the UK to visit the cryptocurrency exchange NashEx as planned, but didn’t find the company at its regulatory address. It suggests that the company doesn’t have a physical business office at the place. Therefore, investors should be cautious in choosing the exchange.
Danger
United Kingdom
Feb 2, 2024
LCG
Details

A Visit to LCG in UK - No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange LCG as planned, but didn’t find the company at its regulatory address. It suggests that the company doesn’t have a physical business office at the place. Therefore, investors are advised to choose the exchange cautiously.
Danger
United Kingdom
Aug 15, 2023
TRADE.COM
Details

A Visit to TRADE.COM in UK - Office Unconfirmed

The survey personnel went to London, UK to visit the cryptocurrency exchange TRADE.COM as planned, and was unable to enter the office building with its gate being closed at its regulatory address. Therefore, it is uncertain if the broker has a physical business office there. And investors are advised to choose this exchange cautiously.
Danger
United Kingdom
Jul 6, 2023
FXTM
Details

A Visit to FXTM in UK - No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange FXTM as planned, but didn’t find the company’s office at its regulatory address, which suggests that the company doesn’t have a physical business office here. Therefore, investors are advised to choose this exchange carefully.
Danger
United Kingdom
Jun 27, 2023
Blockchain.com
Details

A Visit to Blockchain in UK -- No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange Blockchain as planned, but did not find the office of the exchange at its publicly displayed business address, which means that the cryptocurrency exchange Blockchain may not have a physical business venue. Investors are advised to choose this exchange carefully.
Danger
United Kingdom
Feb 13, 2023
OvalX
Details

A Visit to ETX CAPITAL in UK -- No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange ETX CAPITAL as planned, but did not find the office of the exchange at its publicly displayed business address, which means that the cryptocurrency exchange ETX CAPITAL may not have a real business venue. Investors are advised to choose this exchange carefully.
Danger
United Kingdom
Jan 5, 2023
FXopen
Details

A Visit to FXopen in UK -- No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange FXopen as planned, but did not find the office of the exchange on its publicly displayed business address, which means that the cryptocurrency exchange FXopen may not have a real business venue. Investors are advised to choose this exchange carefully.
Danger
United Kingdom
Sep 7, 2022
BLACKWELL GLOBAL
Details

A Visit to BLACKWELL GLOBAL in UK -- Office Found

The investigators went to London, UK to visit the cryptocurrency exchange BLACKWELL GLOBAL as planned, and confirmed that there is a company named “Blackwell Global Investments (UK) Limited” at this address, which means that the cryptocurrency exchange BLACKWELL GLOBAL has a real business venue. Investors are advised to choose this exchange carefully.
Good
United Kingdom
Sep 7, 2022
capital.com
Details

A Visit to capital.com in UK -- No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange capital.com as planned, but did not find the office of the exchange on its publicly displayed business address, which means that the cryptocurrency exchange capital.com may not have a real business venue. Investors are advised to choose this exchange carefully.
Danger
United Kingdom
Aug 26, 2022
BINARICX
Details

A Visit to BINARICX in UK -- No Office Found

The survey personnel went to London, UK to visit the cryptocurrency exchange BINARICX as planned, but did not find the office of the exchange on its publicly displayed business address, which means that the cryptocurrency exchange BINARICX may not have a real business venue. Investors are advised to choose this exchange carefully.
Danger
United Kingdom
Aug 4, 2022
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