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Although the uk has no specific cryptocurrency laws , cryptocurrencies are not considered legal tender and exchanges have registration requirements. However, using a uk bank account to buy bitcoin and other cryptocurrencies can be problematic: The united kingdom chapter to blockchain & cryptocurrency regulation 2021 2021 deals with issues relating to. The uk has been well established as one of the leaders in fintech innovation, and the place to be for financial entrepreneurs; Cryptoassets (including cryptocurrencies) are not considered money or equivalent to fiat currency in the uk.
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