UK to Impose Heavy Fines on Companies for Inaccurate Crypto Transaction Reporting The United Kingdom is taking a bold step in the regulation of cryptocurrency transactions by announcing strict penalties for companies that fail to report or submit accurate data. Under the new regulations, companies will face fines of up to £300 per user for […]
UK Introduces New Bill to Classify Digital Assets as Property
The UK government has recently introduced a transformative Property Bill aimed at redefining the legal landscape for digital assets, including cryptocurrencies, non-fungible tokens (NFTs), and carbon credits. This proposed legislation recognizes digital assets as tangible “things” under UK law, creating a necessary framework to govern their use and ownership in various legal contexts. Digital assets […]