Blog Archives

Coinbase Obtains E-Money License In U.K.

Posted on 14th March, 2018

In a blog post published earlier today, San Francisco-based cryptocurrency exchange and brokerage firm Coinbase announced that it has been granted an e-money license by the U.K.’s Financial Conduct Authority (FCA). The license will allow Coinbase to provide payment services (as well as some bank-like services, such as fiat account balances) in both Britain and […]

U.K. bitcoin ATM operator says £38,000 processed in one month

Posted on 10th September, 2014

The Bristol Post reported today that a single bitcoin ATM located in a health food store has processed more than £38,000 ($61,000) in one month of operation, strongly suggesting a growing interest in cryptocurrency in the region. The Superfoods store hosts a two-way bitcoin ATM built by RoboCoin, and managed by regional operator Satoshipoint. The […]

U.K. Chancellor says government to weigh bitcoin innovation against regulatory needs

Posted on 6th August, 2014

As Britain’s Chancellor of the Exchequer, George Osborne has the tricky job of handling the U.K.’s financial policy in a time of both incredible economic pressures and uncanny technological innovations. When the Chancellor speaks about an economic matter, it’s destined to become major news across the country, and perhaps even the world. Today, Osborne is […]

SatoshiPoint launching three bitcoin ATMs in U.K. next week

Posted on 26th May, 2014

The race to become the largest bitcoin ATM provider in Britain is heating up. Later this week, U.K.-based bitcoin startup SatoshiPoint will activate two new Robocoin ATMs in London. A third ATM is tentatively scheduled to be debuted on June 3rd in Bristol. The machines are currently connected to Bitstamp, and will charge a 5% […]

London bar launches Britain’s first Bitcoin ATM

Posted on 4th March, 2014

Until today, if you wanted to Bitcoin in the U.K., you had to do it the old-fashioned way: Mining it, connecting your bank account to an exchange, or buying it directly from another Bitcoiner. With the activation of a new Lammasu-made Bitcoin ATM at London’s trendy Old Shoreditch Station cafe and bar. Operated by Bitcoin […]

Britain to drop 20% tax on Bitcoin trading

Posted on 3rd March, 2014

It’s no secret that Bitcoin’s unusual structure has completely blindsided governments and financial regulators across the globe. In fact, Bitcoin is so unlike traditional forms of money that it’s proving difficult to fit into existing tax laws. Even knowing how to broadly define the cryptocurrency to know how it should be taxed is proving problematic. […]