the Final position of the UK government concerning legal regulation of activities related to digital money, is still not developed. In fact, bitcoin is in a grey area (legal vacuum). However, the state intends to regulate cryptocurrency relationship, first, to prevent criminal use of digital currencies for the legalization (laundering) of proceeds from crime, terrorist financing and other illicit activities and, second, to support innovation in this field.
the Income (profit) of a business entity are taxed on capital gains (Capital Gains Tax) and corporate (Corporation Tax) and income (Income Tax) taxes.
In 2014 the Office confirmed that Bitcoin is not a currency and not money, so cryptocurrency cannot be regulated by the financial legislation of the United Kingdom. Thus, the digital currency in the UK until today is considered a unique combination of numbers, the resulting complex mathematical calculations and algorithms. Therefore, Bitcoin is also not subject to the UK Law on legalization (laundering) of proceeds of crime (Money Laundering Regulations 2007)
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Exchange rates updated at: February 06, 2019 02:29obmen.cc