The UK has begun applying tax exemptions to foreign investors investing in crypto through brokerages and crypto companies.
According to the statement published on the official website of the government tax agency HM Revenue and Customs. January 1, 2023 UK local investment managers and middleman institutions to foreign investors investing in cryptocurrencies through tax exemption started to implement. The Prime Minister’s decision on the tax cut announced in December by Rishi Sunak It is thought to be part of plans to turn the UK into a cryptocurrency hub.
HM Revenue and Customs, of this exemption to attract global investors. important a factor claimed that the tax exemption large institutional investors to manage their investments in the crypto money sector through the UK. will encourage explained.
UK on track to become a cryptocurrency hub led by Rishi Sunak, experts say equipped stated that it is still making progress. About the country’s crypto industry incentive laws. Besides the investor and financial system also aimed at protecting Experts, who stated that he made regulations, said that the Prime Minister was on this path. sure steps noticed his progress.