According to Mars Finance, UK Chancellor of the Exchequer Reeves did not further increase the Capital Gains Tax rate that has already affected crypto asset investors in the “Autumn Statement” released on Wednesday. Azariah Nukajam, the UK compliance officer of Gemini, welcomed this decision. “I am pleased to see that crypto assets will not be subject to new taxes, which means that crypto assets are being regarded as equivalent to other asset classes, ensuring they remain a viable alternative investment option in the long term,” she stated. However, Nukajam pointed out that recent legislative and regulatory announcements in the UK, combined with this budget statement, indicate that “stricter regulations, closer to the TradFi model, and tax transparency requirements will proceed as planned.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
