CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration.
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CryptoUK, a trade body based in the United Kingdom, argued that a much more nuanced and tailored approach needs to be taken into consideration.
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“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK,” said the executive director of CryptoUK Ian Taylor
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The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction.
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Ahead of the launch of its U.K. regulated cryptocurrency exchange, Binance.UK vows to proactively update CryptoUK’s code of conduct to remain fit for purpose.
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