Potential Capital Gains Tax Hike Poses Risk to UK Crypto Holders, Expert Warns

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Potential Capital Gains Tax Hike Poses Risk to UK Crypto Holders, Expert Warns Cryptocurrency investors in the United Kingdom face potential financial strain as a proposed increase in capital gains tax could significantly impact the approximately five million crypto holders across the nation.

Higher taxes may deter new investors from entering the crypto market, slowing down the adoption and mainstream acceptance of digital assets.

Suzanne Morsfield, serving as a policy advisor at CryptoUK, plays a pivotal role in shaping the association’s stance on regulatory and tax-related matters affecting the crypto community.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaGermanyPortugalUnited Kingdom

Topics: Crypto News Tax

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 11:10:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 43 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23337659

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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