uk

According to CoinDesk, the UK's HM Revenue and Customs (HMRC) has disclosed cryptocurrency earnings data separately for the first time in personal income tax returns. In the 2024-2025 fiscal year, a total of 240 taxpayers reported capital gains from cryptocurrencies exceeding £1 million (approximately $1.36 million), while 17,600 individuals reported taxable gains from cryptocurrency disposals, totaling £1.38 billion (approximately $1.87 billion), with an average of about £78,000 per person, of which nearly 90% were male.HMRC stated that it has begun implementing the OECD's cryptocurrency reporting framework, which requires cryptocurrency service providers to submit customer data to tax authorities, with the expectation of receiving relevant data starting in 2027 to cross-check taxpayer reporting information. In addition, HMRC mentioned that in the 2024-25 fiscal year, an additional £168 million (approximately $228.2 million) in capital gains tax was collected through compliance and educational activities.

The UK plans to give the Bank of England a new statutory objective to support innovation in stablecoins and other forms of digital currency, while maintaining financial stability as a primary responsibility. This objective will be incorporated through amendments to the Financial Services and Markets Bill, requiring the central bank to report annually to Parliament on its progress in payment systems and digital currency innovation. Lucy Rigby, the UK's Economic Secretary to the Treasury, stated that this objective will support the central bank in continuing to promote payment and digital financial innovation, ensuring that the UK maintains its leading position in global financial services.The UK is committed to establishing a unified regulatory framework covering both traditional and tokenized payments. The Bank of England abandoned its previously proposed temporary cap on the holdings of stablecoins by individuals and businesses in June this year, instead setting a £40 billion (approximately $54 billion) issuance cap for each systemic stablecoin; issuers can allocate up to 70% of their reserve assets to UK short-term government bonds, with the remainder held at the central bank. The UK's Financial Conduct Authority (FCA) has also finalized rules for crypto firms and stablecoin issuers, including simplified capital requirements, allowing businesses to apply for authorization starting September 30, with the new rules taking effect on October 25, 2027.According to DeFiLlama data, the current stablecoin market size is approximately $303 billion, up from about $200 billion at the beginning of last year, with most being dollar-pegged stablecoins. Visa data shows that the trading volume of retail-level stablecoins below $250 has increased from $500 million in 2019 to nearly $70 billion last year, reflecting the growth in consumer usage.

Chief Economist Fu Peng of New Fire Group published an article pointing out that although Nvidia's latest financial report has exceeded expectations for 15 consecutive quarters, the market has reacted lukewarmly to the financial data itself. Indicators such as stock price and options volatility show that market investors are currently more concerned about whether the free cash flow of the future index center can be smoothly delivered, and how long the momentum of AI growth can be maintained. These issues weigh more heavily than the performance of a single quarter's financial report, so even if this performance exceeds Wall Street's expectations by a few points, it does not change the denominator of the valuation.Fu Peng believes that Jensen Huang's statement during the conference call clearly indicated that "the inflection point for AI has arrived," which is essentially to reassure the market, aiming to strengthen market confidence in the formation of a closed-loop AI industry chain and alleviate concerns about over-investment. Investors should observe how long it takes for the market to digest this round of confidence boost, and how long the elevated expectations brought by Jensen Huang will last before fading. If the sentiment fades quickly, it indicates that the current typical market mentality is "no rabbit, no hawk," and the impact of manufacturers repeatedly reinforcing confidence in the market is gradually weakening, which can be observed from the duration of market fluctuations after each conference call.

According to monitoring by Catcher Predict, in the prediction market Polymarket for the event "Milwaukee Brewers vs. New York Mets," the "Milwaukee Brewers" option in the sub-market "Milwaukee Brewers vs. New York Mets" has experienced significant fluctuations in winning probability, soaring from 55.5% an hour ago to the current 96.9% (a fluctuation of 41.4%). Please note the impact of relevant breaking news.

According to Bloomberg, the UK government will grant the Bank of England (BoE) a new responsibility to promote innovation in the field of digital currency and payments. The UK Treasury stated that this responsibility will serve as a secondary objective for the Bank of England, still subordinate to its core mission of maintaining financial stability.This move responds to criticism that the UK central bank has been too conservative in its approach to emerging financial technologies. UK Prime Minister Andy Burnham has prioritized maintaining London's competitiveness in the rapidly evolving digital asset market as a key policy direction. This policy suggests that the UK regulatory framework may place greater emphasis on balancing risk control with financial technology innovation, potentially creating a clearer development environment for digital payments, stablecoins, and other digital asset-related businesses.

According to a report by Reuters, British judge Samuel Goozee dismissed the extradition defense of former Saitama CEO Manpreet Kohli on August 19 and transferred the case to the UK government to make a decision on the US extradition request. Kohli can still appeal, and the extradition has not been finalized; he is currently released on bail set at £200,000 (approximately $272,400).US prosecutors have charged Kohli with wire fraud, market manipulation, and related conspiracy, as well as operating an unlicensed remittance business, involving the Ethereum-based token Saitama, which once had a market value of about $7.5 billion. Kohli defended himself by arguing that the US could not adequately handle his mental health and the risk of suicide during detention, but the judge believed that the transfer and the safeguards of the US prison system could reduce the risk to an acceptable level. Previously, a federal judge in Boston had also dismissed his motion to dismiss the charges.The case stems from the "Operation Token Mirrors" investigation initiated by the US Department of Justice in October 2024, involving fraud and wash trading. Prosecutors allege that 18 individuals, including Kohli, coordinated multiple wallets to purchase tokens and paid ZM Quant and Gotbit to conduct wash trading on several exchanges, with Kohli suspected of profiting about $20 million. Gotbit has admitted to manipulating token prices and trading volumes and was ordered to pay $23 million in June 2025, while its founder Aleksei Andriunin was sentenced to 8 months in prison.

According to Catcher Predict monitoring, in the Polymarket event "Milwaukee Brewers vs. New York Mets," the sub-market "Overtime" option's probability of "Yes" has experienced a dramatic fluctuation, rising from 8% an hour ago to the current 50% (a fluctuation of 42%). Please note the impact of related breaking news.

Jeonbuk Bank has partnered with blockchain payment company Ripple to deploy its cross-border payment system, providing faster and cheaper remittance services for business clients such as import and export companies, tech startups, and online content creators, replacing the traditional transfer method that takes several days via the SWIFT network.Meanwhile, the Pakistan Virtual Assets Regulatory Authority (PVARA) has opened the application portal for crypto licenses. Companies providing virtual asset services on or before March 5 must submit a No Objection Certificate (NOC) application by September 5, or they will cease operations. PVARA stated that the licensing window is officially open, providing a clear path for businesses to enter Pakistan's regulated virtual asset market.In addition, Laser Digital, a digital asset subsidiary of Nomura Group in Japan, has received approval from the Financial Services Agency (FSA) to become the first platform to obtain a crypto exchange license in four years, the last being Binance Japan in October 2022.

According to Bitcoin.com News, a court in the UK has shut down the cryptocurrency company Key Coin Assets Ltd., after 9 investors who complained to Action Fraud paid a total of over £300,000.Investigators stated that no evidence of real transactions was found and believed that its operations exhibited characteristics of a Ponzi scheme.

According to Axios, sources have confirmed that renowned artificial intelligence researcher and former OpenAI employee Luke Metz has joined Meta Platforms' Superintelligence Lab.

According to Bloomberg, investments received by British fintech companies in the first half of this year have fallen to the lowest level since at least 2016, as funders are shifting towards AI-related companies that can demonstrate long-term growth.

According to Catcher Predict monitoring, in the predicted market event "Atlanta Braves vs. Milwaukee Brewers" on Polymarket, the "Atlanta Braves" option in the sub-market "Atlanta Braves vs. Milwaukee Brewers" has experienced a dramatic fluctuation in winning probability, soaring from 55.5% an hour ago to the current 82.5% (a fluctuation of 27%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the "Atlanta Braves vs. Milwaukee Brewers" event on the prediction market Polymarket, the "Milwaukee Brewers" option in the sub-market "Spread -1.5" has experienced a dramatic fluctuation in winning probability, soaring from 31.5% an hour ago to the current 81.5% (a fluctuation of 50%). Please note the impact of related breaking news.

Ukraine is seeking to use drones equipped with the Starlink system to strike missile launch silos within 200 kilometers inside Russia due to a shortage of air defense interceptors. This move requires approval from Elon Musk, whose position is uncertain.Communication has faced challenges since the dismissal of former Defense Minister Mykhailo Fedorov. Military experts say Ukraine is struggling to obtain enough interceptors to maintain its air defense strategy.

According to Protos, the UK's HM Revenue and Customs (HMRC) sent over 81,000 warning letters to suspected tax-evading cryptocurrency holders in the 2025/2026 fiscal year, nearly tripling from 27,714 letters in 2024. HMRC believes that most unpaid taxes stem from capital gains during the bull market from 2022 to 2025.The letters remind users that selling, gifting, exchanging, or using cryptocurrency for consumption may trigger capital gains tax obligations, and violators could face penalties of up to 100% of the tax owed plus interest, with harsher penalties for offshore transfers. Additionally, HMRC expects to gain new powers next year to compel foreign cryptocurrency platforms to disclose user information, anticipating an additional £315 million in tax revenue by 2030.

According to Catcher Predict monitoring, in the prediction market Polymarket for the event "Seattle Mariners vs. Milwaukee Brewers," the "Seattle Mariners" option in the sub-market "Seattle Mariners vs. Milwaukee Brewers" has experienced a dramatic fluctuation in winning probability, soaring from 56.5% an hour ago to the current 91.5% (a fluctuation of 35%). Please note the impact of related breaking news.

Ripple officially announced that Jeonbuk Bank has become the first local bank in South Korea to deploy Ripple Payments, providing its corporate clients with near real-time, 24/7 cross-border settlement services to replace the time-consuming SWIFT transfers. This collaboration will help the bank enhance its cross-border payment efficiency and service capabilities.This is Ripple's third partnership in South Korea this year, having previously collaborated with Kyobo Life Insurance and Kbank on custody, wallet infrastructure, and payment services. Several leading financial institutions in South Korea are continuing to advance cooperation with Ripple in the fields of payments and related infrastructure.

According to Cointelegrath, Binance is planning to apply for a license from the UK's Financial Conduct Authority (FCA) and intends to relaunch some regulated services in the UK by 2027. Binance's UK subsidiary, Binance Markets Limited, has been prohibited by the FCA from conducting any regulated activities in the UK since June 2021. In 2023, Binance announced a suspension of new user registrations to comply with FCA financial promotion rules. A Binance spokesperson responded to the matter by stating, "We do not comment on speculation regarding potential license applications."The crypto regulatory framework published by the FCA in June requires crypto companies to submit applications between September 2026 and February 28, 2027, with the new system set to officially take effect on October 25, 2027. The FCA's Director of Payments and Digital Finance stated that the framework will impose "similar standards" on crypto companies as those required of other UK financial service providers.

According to monitoring by Catcher Predict, in the event "Milwaukee Brewers vs. Los Angeles Dodgers" on the prediction market Polymarket, the "Milwaukee Brewers" option in the sub-market "Milwaukee Brewers vs. Los Angeles Dodgers" has experienced significant fluctuations in winning probability, soaring from 36.5% an hour ago to the current 51.5% (a fluctuation of 15%). Please note the impact of relevant breaking news.

According to Crypto.News, the investigation that was previously suspended due to large gifts related to cryptocurrency has resumed after Nigel Farage, leader of the Reform Party in the UK, was re-elected as the MP for the Clacton constituency. The parliamentary commissioner is investigating whether he failed to register financial interests as required, focusing on a personal grant of approximately £5 million (about $6.7 million) from billionaire investor and Tether-related shareholder Christopher Harborne; as well as benefits such as staff, security, transportation, and accommodation provided by long-time advisor George Cottrell, who was previously sentenced for a money laundering-related case in the U.S.Nigel Farage's resignation during his term led to the suspension of the investigation, and he insists that he did not violate any rules, claiming that the money was an unconditional personal gift, part of which was used for security expenses. His by-election victory has allowed him to become an MP again, and the investigation has therefore continued.