UK PM Rishi Sunak Revokes Tax Payments for Foreign Crypto Buyers: Details

UK PM Rishi Sunak Revokes Tax Payments for Foreign Crypto Buyers: Details

ByNews Polite

Rishi Sunak, the Prime Minister of the UK, is actively working on shaping up the crypto sector for the nation with rules and regulations. Going into 2023, foreigners who are using local British crypto exchanges for buying cryptocurrencies will be exempted from paying taxes. In the UK, profits generated out…

Deepfakes Sharing to Be Criminalised in UK Under New Online Safety Bill

Deepfakes Sharing to Be Criminalised in UK Under New Online Safety Bill

ByNews Polite

Under a planned amendment to the UK’s new Online Safety Bill, people who share so-called “deepfakes” — explicit images or videos which have been manipulated to look like someone without their consent — will be among those to be specifically criminalised for the first time and face potential time behind bars….

Santander UK Limits Crypto Transfers to Exchanges in Bid to Safeguard Customers

Santander UK Limits Crypto Transfers to Exchanges in Bid to Safeguard Customers

ByNews Polite

Santander UK, the British branch of the Spanish financial giant, has published a new update concerning cryptocurrencies and it warns that investing in such financial vehicles can be “high risk.” The bank notes that the UK’s Financial Conduct Authority (FCA) has warned the public about such risks and the financial…