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UK Extends Crypto Tax Break for Investment Managers in Financial Reforms

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The UK's hmtreasury will extend a tax break for crypto investment managers, as it unveils a wide scale financial services package. jackschickler reports.

The U.K. has confirmed it will extend tax breaks for investment managers to cover crypto assets, after Prime Minister Rishi Sunak said he wanted to make the country a crypto hub." crypto opportunities, and promised a consultation on how to use new legislative crypto powers contained in the Financial Services and Markets Bill before the Christmas holiday.

The Treasury also said it will implement a"sandbox" to test out innovative financial market infrastructures next year, and will consult on a digital pound in the coming weeks. In April, Rishi Sunak, then finance minister and now prime minister, said he wanted to make the U.K. a

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EU to Make Crypto Companies Report Tax Details to AuthoritiesThe EU_Commission today wants to clamp down on crypto tax evasion by forcing foreign providers to register within the EU. jackschickler reports.
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