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UK government plans Bitcoin crackdown amid money laundering concerns
UK government plans Bitcoin crackdown amid money laundering concerns.
The UK Government is looking to step up regulation of bitcoin amid concerns criminals are using cryptocurrencies to launder money and avoid taxes.
The Treasury wants to regulate bitcoin under European Union anti-money laundering rules, forcing traders in the cryptocurrency to disclose their identities and any suspicious activity.
It expects changes to new EU-wide rules to come into effect by the end of December or early...
Related topics : bitcoin money laundering / bitcoin uk tax / trade bitcoins uk
Bitcoin latest Trading firm Plus500 sees shares jump 20% thanks to cryptocurrency boom
Bitcoin latest Trading firm Plus500 sees shares jump 20% thanks to cryptocurrency boom.
Shares in spreadbetting company Plus500 jumped 20 per cent on Wednesday after it announced that the bitcoin boom had boosted revenues.
Plus500 said it had achieved record revenues for the final quarter of 2017 and added 246,000 customers. The firm said its strong performance was partly thanks to contracts for difference (CFDs), based on the price of cryptocurrencies.
CFDs allow traders to profit from the...
Related topics : bitcoin company share price
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