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Cryptocurrency regulation in the united kingdom another major cryptocurrency trading market, no specific law or legislation exists in the uk for the regulation of buying or selling crypto coins. Although the uk confirmed in 2020 that crypto assets are property, it has no specific cryptocurrency laws and cryptocurrencies are not considered legal tender. The fca proposed new regulations to save british citizens from unfair trading practices in cryptocurrencies. As cryptocurrencies like bitcoin have grown in popularity over the years, so has the amount of people who are making money by investing or trading them. Cryptocurrency regulations in the uk key takeaways;
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