2018-8-31 16:15 |
“We want to approach this in the same way as we approach other bits of the fintech sector in that we don’t want to stifle innovation, particularly in relation to the underlying technology, but equally we want to manage the risk.
” – David Ra, deputy director of banking and credit at HM Treasury, on cryptocurrencies.
In a statement from the HMRC on cryptocurrencies, Bitcoin in specific is defined as asset whereas other cryptocurrencies have to be looked into case by case.
Continue reading Crypto Tax And ICO Regulations In The United Kingdom at Crypto Daily™.
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