Major news from the UK!

Bim Afolami, Economic Secretary to the Treasury, promises a wave of legislation affecting stablecoins and staking services for cryptos in the coming 6 months. Action point: Stay informed!

#CryptoNews #UKCrypto #BTC #TrendingTopic #Write2Earn

🇬🇧 UK Chancellor Jeremy Hunt expresses readiness to address banking challenges faced by UK cryptocurrency firms and discuss solutions with lawmakers. Emphasizes the importance of responsible growth in the global cryptocurrency hub of London through necessary regulations and stablecoin rules. 🏦💼🌐 #UKCrypto #RegulationDiscussion

🇬🇧 Gemini will restrict cryptocurrency transfers to UK crypto service providers registered with TRUST from Nov 17, complying with UK travel rules. In December, they plan to restrict crypto receipts from non-TRUST registered firms. 🔒🚀 #Gemini #CryptoRegulation #UKCrypto

UK government abolishes centuries-old tax breaks for the rich in preelection budget announcements

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Former British finance minister Philip Hammond said it would be a mistake not to have a system in place that encourages so-called “non-doms” to reside in the U.K.

Non-domiciled tax status allows people who are based, but not settled, in the country to only pay U.K. tax on money made in the country. As part of the Spring Budget statement, U.K. Finance Minister Jeremy Hunt said on Wednesday that this would be scrapped and replaced with a new system.

Uk 🇬🇧 y’all stay safe and make sure your digital assets are always on non custodial wallet.

#Write2Earn‬ #UKCrypto #BinanceSqaure #SHIBA_INU

Here’s the revised version without bold styling:

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🏛️ Crypto’s New ‘Thing’ Status in the UK: What You Need to Know 🏛️

Big moves in the UK! On September 11, 2024, the UK government introduced the Property Bill, officially classifying digital assets like Bitcoin and NFTs as personal property. This legislation creates a new category of property under UK law, recognizing crypto assets as “things” to better navigate complex disputes.

💡 What Does This Mean for Crypto Holders?
This new law brings greater protection against fraud and scams, giving owners and businesses stronger legal backing. With crypto now officially classified as property, the legal framework surrounding digital assets is clearer, ensuring fair treatment in court.

The FCA's strict regulations have made licensing tough, with only 4 out of 35 firms securing approval. But as the legal landscape shifts, expect a surge in opportunities for crypto in the UK.

Stay ahead of the game—follow the latest developments and see how this could impact your crypto journey on Binance! 💼

#CryptoLaw
#UKCrypto #Bitcoin
#Binance #NFTRules
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