United Kingdom

UK FinTech Thought Machine Raises $200M at $1B Valuation
UK FinTech Thought Machine Raises $200M at $1B Valuation
November 29, 2021  |  Investments

U.K. FinTech startup Thought Machine raised $200 million in a Series C funding round at a valuation estimated in excess of $1 billion to bring...

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Zip Debuts In-Store BNPL Payment Option in UK
Zip Debuts In-Store BNPL Payment Option in UK
November 29, 2021  |  BNPL

Shoppers are able to use Buy Now, Pay Later with Zip in the U.K. with new developments, a report says. Zip’s services will let customers...

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British Used Car Website Carzam Nets Almost $150M in Funding
British Used Car Website Carzam Nets Almost $150M in Funding
November 28, 2021  |  Investments

Carzam, the used car site, has raked in £112 million toward its business to keep selling used cars, a report from The Telegraph says. According...

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UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021  |  Taxes

U.K.-based crypto exchanges will now have to pay a new digital service tax after an update to the regulations for Her Majesty’s Revenue and Customs...

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Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose...
November 28, 2021  |  Bitcoin

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The...

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UK Expands Financial Regulators’ Duties
UK Expands Financial Regulators’ Duties
November 28, 2021  |  International

The U.K. will be looking at making its regulators help boost growth and competition in finance, in addition to their other tasks, a Wall Street...

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EMEA Daily: UK Investing App Freetrade Surpasses Funding Goal by 800%, Sweden Calls on EU to Pull The Plug On Bitcoin Mining
EMEA Daily: UK Investing App Freetrade Surpasses Funding Goal by 800%, Sweden Calls on EU...
November 24, 2021  |  International

In today’s top Europe, Middle East and Africa news, UK investing app Freetrade surpasses funding goal by 800%; Sweden calls on Europe to pull the...

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Lawmakers Urge London’s Public Transit to Ban Crypto Ads
Lawmakers Urge London’s Public Transit to Ban Crypto Ads
November 14, 2021  |  Cryptocurrency

Transport for London (TfL) has been getting requests to stop allowing advertisements for cryptocurrency, a report says. This comes after TfL had a three-week poster...

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A Cautionary Tale: Britain’s Long Path Toward a Central Bank Digital Currency and China’s Quick Rollout 
A Cautionary Tale: Britain’s Long Path Toward a Central Bank Digital Currency and China’s Quick...
November 10, 2021  |  CBDC

For central banks, there’s a long road between mulling a central bank digital currency (CBDC), defining the ramifications and launching it. It could take years,...

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