Odaily Planet Daily News: Since April 6th, with the start of the new fiscal year, UK investors will no longer be able to add crypto exchange-traded notes (ETNs) to their “Stocks and Shares ISA” tax-free accounts. The UK tax authority HM Revenue and Customs (HMRC) has classified crypto ETNs as assets only suitable for “Innovative Finance ISAs,” and currently, no mainstream platforms plan to offer related products.
Investors who already hold crypto ETNs in their ISAs are not required to sell them. HMRC stated that, given the innovative nature of crypto assets and the market still being in development, they will continue to assess whether policy adjustments are necessary in the future.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
South Korea's National Tax Service Plans to Complete Selection of Virtual Asset Custodian Service Providers in the First Half of the Year
Gate News - On March 21, South Korea's National Tax Service plans to complete the selection of virtual asset custodian service providers in the first half of this year. This initiative stems from a virtual asset theft incident that occurred last month, when the National Tax Service accidentally leaked mnemonic phrase information while announcing the results of an on-site investigation, resulting in the seized virtual assets being stolen twice.
GateNews50m ago
U.S. House Committee on Financial Services will hold a tokenization hearing on March 26
Gate News, on March 21st, crypto journalist Eleanor Terrett posted on the X platform stating that the U.S. House Committee on Financial Services plans to hold a hearing on tokenization on March 26th at 10:00 AM (Eastern Time). Blockchain Association CEO Summer Mersinger will attend as an invited witness.
GateNews1h ago
BoE Faces Strong Backlash Over Proposal to Limit Stablecoin in UK
The Bank of England faces rising opposition to a proposal limiting GBP stablecoin holdings to £20,000 for individuals and £10 million for businesses. Introduced to protect financial stability, critics argue it could disrupt lending and hinder growth in the crypto sector.
TapChiBitcoin2h ago
Hong Kong Securities and Futures Professionals Union Chairman: Virtual Asset Regulatory Approach Should Not Be Applied to Traditional Securities Industry
Gate News reported that on March 21, Hong Kong Securities and Futures Professionals Union Chairman Chen Zhihua commented on the controversy surrounding brokers' "pre-registration of designated bank accounts" for customers. He stated that although the regulatory circular proposes establishing a bank account registration mechanism with caps, the related practices may stem from inappropriately applying virtual asset regulatory concepts (such as pre-approval of wallet addresses) to the traditional securities industry.
GateNews2h ago
Citigroup Slashes Bitcoin and Ethereum 12-Month Price Targets, Citing Stalled U.S. Crypto Legislation Weighing on Upside Catalysts
Citigroup has lowered its target prices for Bitcoin and Ethereum, indicating a cautious outlook on the medium-term prospects of the crypto market. The Bitcoin target price has been reduced from $143,000 to $112,000, while Ethereum's has been lowered from $4,304 to $3,175, mainly due to slow progress in U.S. cryptocurrency legislation. Although there is still room for upward movement over the next year, the market may remain volatile in the short term, with Ethereum's valuation becoming more reliant on fundamentals.
区块客2h ago
New York Congressional Candidate Alex Bores Attacked by PAC, Accused of Receiving Over $100,000 in Support from SBF's Political Network
New York State Congressman Alex Bores faced mail attacks from Think Big PAC during the Democratic primary, with accusations linking him to Sam Bankman-Fried's political network funding. Bores advocates for AI safety legislation while facing intense competition from other candidates in his campaign.
GateNews6h ago
