UK-based Crypto Firms At ‘Loaded Gun’ Point as Brexit Deadline Looms

October 17, 2020 | By | Reply | 13 Readers More


UK-based Crypto Firms At 'Loaded Gun' Point as Brexit Deadline Looms 101
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Regulatory uncertainty has been a way of life for crypto exchanges since the get-go. Running a crypto-related firm is like walking through a swamp in many respects – you never know what is waiting underfoot at the next step.

But this has never been more the case, it would seem, than in the UK in late 2020.

On paper, Brexit has officially already taken place. But, in reality, the stinky stuff is yet to hit the fan: The UK’s de facto exit from the European Union will take place in January 2021 – after the official “transition period” draws to a close.

2020 was supposed to be a year for bargaining with the EU, forging post-union trade deals and “getting Brexit done,” in the words of UK Prime Minister Boris Johnson, who won a general election almost a year ago with this very slogan.

Then came the coronavirus pandemic – and all of a sudden Brexit got…

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