October Roundup | Revealed: Crypto Friendly Banks

Welcome to our monthly newsletter! We're excited to provide you with valuable insights, particularly for those of you navigating the complexities of the upcoming UK tax season. In this edition, we've gathered some essential information, and be sure to check out our linked blog for a deeper dive into crypto-friendly UK banks.

? Product Update

This month, our primary focus has been on addressing minor bugs and enhancing our integrations, to make the process of calculating your taxes in preparation for the UK self-assessment deadline smoother than ever.

Here's what we've accomplished:

• Major Asset Update: Remember that you can use our token request form if any of your assets are not currently being mapped.
• Enhanced Gemini Integration: We've resolved numerous minor bugs, and are thrilled to announce our expanded support for Gemini Earn and Staking.
• Uphold Integration: Our Uphold integration has been thoroughly rectified, ensuring that transactions and balances are now accurately fetched and reported.

As we navigate through tax season, remember that our main goal is to keep things hassle-free for you. We're here to make your tax prep a breeze! ??

?? Report: The Most Crypto-Friendly UK Banks

We rank the UK’s crypto-friendly banks and explore whether they've taken their caution too far. Dive into our latest blog to see which banks are embracing digital assets and the issues the industry are facing! ??????

Find out the UK's most crypto friendly bank.

?????? Reading, Listening and Talking about...

?? Sam Bankman-Fried was convicted on several counts of fraud and money-laundering, with his sentencing trial set for March 10, 2024

? Users of password manager LastPass lost approximately $4 billion in crypto assets after its cloud based storage service was breached in an attack?? U.K. published final proposals for crypto and stablecoin regulation, the government plans to propose legislation on fiat-backed stablecoins by early 2024

?? The Bitcoin Whitepaper celebrated its 15th birthday!

?? The UK strengthens their crypto crime crackdown, passing a new bill enabling authorities to seize and freeze cryptocurrencies used in illicit activity.

?? Bitcoin's on fire! Glassnode's analysis predicted the year that started on a high will also end on a high, after a 26% 'Uptober' surge! ??

???? Google searches for "Buy Bitcoin" soared worldwide with a 826% increase in the UK! ????

? In the UK, the Culture, Media and Sport Committee called for fan tokens and crypto promotions to be addressed to protect organisations and consumers from associated risks.

?? New Financial Conduct Authority (FCA) rules came into force on the 8th October, which include a 24-hour ‘cooling off period’ for investors, and ban on incentives like ‘refer a friend’, there have been mixed responses from crypto firms

?? Trezor celebrated their 10th birthday, unveiling 3 new wallets aimed at helping crypto novices with self-custody!