Legal News & Expert Insights

In previous articles, we have referred to the enforcement powers provided by the Proceeds of Crime Act 2002 (POCA), which enable authorised enforcement agencies such as the police, the Serious Fraud Office (SFO) and HM Revenue & Customs (HMRC), to obtain Account Freezing Orders. These Orders authorise the freezing of assets, such as cash and […]

In this article, Stuart Southall of KANGS discusses the recent Judgment from Mr Justice Mellor handed down in yet another ‘battle’ between Dr Craig Steven Wright (‘Dr Wright’) and Crypto Open Patent Alliance (COPA). The Judgment of Mr Justice Mellor has drawn a ‘line’ in respect of the litigation commenced by Dr Wright, in which […]

The UK does not have a specific tax regime for crypto assets such as cryptocurrency or tokens. Instead, it applies the standard tax laws. HMRC does not treat cryptocurrency as currency, it is considered a form of property or asset. When part of any form of transaction, cryptocurrency may incur liabilities, primarily related to Income […]

Society’s reliance on computers and online technology impacts every aspect of modern life and has led to the levels of online fraud and cybercrime being conducted grow to a scale beyond comprehension, running into billions and billions of pounds each year. This trend is only going to increase with experts concerned that the tactics employed […]

In the UK, the possession and transactions involving cryptoassets are subject to taxation under the same existing tax laws that apply to other assets. Due to the increasing popularity of cryptoassets and the growth in value of the cryptoasset market, HMRC now maintains an Internal Manual that outlines how transactions involving cryptoassets are treated. In […]

Since the Proceeds of Crime Act 2002 (POCA) was introduced, essential amendments and additions have been made. These changes, which have been discussed in previous articles, enable the legislation to keep abreast of the changing requirements of society and the operation of financial markets. One such requirement is the need to cater for the arrival […]