Questions tagged [uk]

CryptoDynasty Wed May 08 2024 | 5 answers 1024

Could you please clarify for me, is OKX considered a legal entity in the United Kingdom? Given the complexities surrounding cryptocurrency regulations, I'm seeking a definitive answer. As a financial expert, I'm aware of the varying degrees of legality depending on the jurisdiction, and I'm keen to understand the specific status of OKX in the UK. Is it fully compliant with local laws and regulations, or are there any grey areas that investors should be aware of? Thank you for your assistance in clarifying this matter.

Dario Wed May 08 2024 | 5 answers 930

I've been hearing a lot about OKX recently and its potential in the cryptocurrency market. However, as a UK resident, I'm a bit cautious about investing in any platform that might not be fully compliant with local regulations. So, I'm wondering, is OKX allowed in the UK? Are there any specific licenses or permissions they need to operate legally in our country? I've also read some conflicting reports about its legality, so I'm hoping you can shed some clarity on this matter. I'd appreciate it if you could provide a detailed breakdown of OKX's status in the UK, including any relevant regulatory information. Thank you for your time and assistance in this matter.

Silvia Tue May 07 2024 | 6 answers 1703

Why did the UK decide to ban Binance? Was it due to regulatory concerns surrounding the exchange's operations? Or was it something more specific, like a violation of local laws? Did the UK authorities receive complaints from investors who lost money on Binance? Did Binance fail to comply with requests for information or inspections? Were there security breaches or hacks that led to the ban? Understanding the reasons behind this decision is crucial for investors and crypto enthusiasts alike, as it could have wider implications for the cryptocurrency market and the regulatory landscape. Given the global nature of cryptocurrencies, it's also interesting to note if other countries might follow suit with similar bans. Could this be the start of a trend towards stricter regulation in the crypto space?

Giulia Sat Mar 30 2024 | 5 answers 914

Excuse me, I am a bit confused about the cryptocurrency tax regulations in the UK. Could you please clarify something for me? I understand that when selling cryptocurrencies, one is required to pay taxes on the profits. However, I am unsure about the exact threshold. How much crypto can I sell before I am obligated to pay taxes in the UK? Is there a specific amount or is it based on some other factors? Could you please provide some clarification on this matter? Thank you very much for your time and assistance.

amelia_harrison_architect Sat Mar 30 2024 | 5 answers 907

Hello, I am a UK citizen and have been investing in cryptocurrencies for some time. I have not sold any of my crypto assets in the UK, but I'm not sure if I need to report them for tax purposes. Could you please advise me on this matter? I'm quite confused about the rules and regulations regarding cryptocurrency in the UK. Thank you very much for your help.