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.
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