The UK is seemingly changing its stance on crypto after HM Treasury announced its intentions to turn the region into a hub for digital currencies. What happens now?
There's some potential good news for foreign investors in there too. If the Investment Manager Exemptionwhich lets non-U.K. resident investors appoint U.K.-based investment managers without creating a risk of U.K. taxation, is extended to include crypto assets, this could encourage a flurry of investment in the U.K. crypto market, a welcome post-Brexit boon.For the wider industry, the FCA CryptoSprint event and crypto engagement group could be great news.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph., the head of tax at Koinly, is a recognised crypto tax subject matter expert and a thought leader in this space. He is a qualified accountant with over 20 years of experience spanning across industry within blue chip organizations, investment banking and public practice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chicago's Stuck find the optimism in punk’s vigor for Content That Makes You Feel Good - Chicago ReaderChicago's Stuck play Sl33pingVillag3 on Monday. The second album by the postpunk upstarts, last year's 'Content That Makes You Feel Good,' torpedoes ahead with punk vigor. | imleor
Read more »
Texas Democrats make moves to be early presidential primary state in 2024The Democratic National Committee has decided to allow new states to bid for the coveted...
Read more »
The Chainsmokers Seize the Day in New Single 'Riptide'The Chainsmokers have dropped a new single, “Riptide,” off the group’s upcoming LP, 'So Far So Good.'
Read more »
‘The Bad Guys’ review: Animated baddies make for a good time at the moviesMix one part “Zootopia” with two parts “Ocean’s Eleven” and just a dash of the visual flair of “Spider-Man: Into The Spider-Verse” and you’ve got “The Bad Guys,” the new animated caper from DreamWorks. FOX film critic Caroline Siede reviews.
Read more »
'I was dumbstruck:' Families grapple with rising gas, plane ticket prices ahead of summer travelSummer plans are up in the air for many and people juggle inflation, gas prices and new health regulations. FOX13
Read more »