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
JPMorgan CEO slams the crypto industry: "Interest-bearing stablecoins" are equivalent to deposits and should be regulated like banks
In the ongoing battle over stablecoin yields sparked by the 《CLARITY Act》, the most influential leader on Wall Street, JPMorgan Chase CEO Jamie Dimon, has spoken out, emphasizing that the banking industry is actively seeking to have "a fair playing field" with cryptocurrency companies. He also issued a stern warning: any stablecoin offering interest-like returns to users should be treated the same as bank deposits and subject to the same rigorous regulatory framework.
On Monday, Jamie Dimon told CNBC that if crypto companies want to pay "interest-like" rewards to stablecoin holders, they should be regulated just like banks. He said:
"The banking industry’s position is very clear: what we call 'rewards' are essentially 'interest.' If you hold customer funds and pay interest, you are in the banking business. In essence,"
区块客33m ago
Governor Signs Bitcoin Rights Act – Indiana Teachers & Workers Now Stack Sats!
Indiana's House Bill 1042 enhances user rights for cryptocurrency by preventing discriminatory taxes and allowing self-custody of digital assets. This legislation fosters institutional adoption and signals a positive shift in governmental attitudes towards crypto, promoting innovation and market stability.
Coinfomania47m ago
Is the legalization of cryptocurrency perpetual contracts in the United States on the horizon? CFTC Chair: Policy announcement within a month
CFTC Chairman Mike Selig announced that a policy on cryptocurrency perpetual contracts will be released within a month, and he will collaborate with the SEC to promote "Project Crypto" to advance innovative exemption measures. This move aims to end regulatory uncertainty in the crypto industry, facilitate the legalization of the U.S. market, and provide clear guidance for the prediction market.
CryptoCity1h ago
The Financial Services Commission of South Korea held its first "Virtual Asset Committee" meeting of the year to advance related legislative review.
The Financial Services Commission of South Korea held its first "Virtual Assets Committee" meeting to discuss a mid-term review of the virtual asset overpayment incident and system improvements. The plan includes promoting DAXA's internal control standards and self-regulation, while also consulting with the ruling party and opposition party on legislative matters.
GateNews1h ago
White House Bill Negotiation Sprint: Trillions of Dollars in Institutional Funds Could Benefit from Clarified Cryptocurrency Regulations
The White House releases progress on the "CLARITY Act," with negotiations reaching a consensus, but the stablecoin yield mechanism remains the main controversy. The cryptocurrency industry is calling for accelerated regulation to attract capital and promote innovation. If the bill passes, it will simplify compliance processes, boost market confidence, and have a significant impact on the industry's future.
GateNews1h ago
Cardano Founder: XRP May Meet SEC's Proposed Security Standards
Cardano founder Charles Hoskinson questions the SEC's new digital asset rules, pointing out that XRP could be classified as a security due to Ripple's control of a large supply. Hoskinson warns that these rules could negatively impact proof-of-stake networks and notes that the bill might create a two-tier system, requiring new projects to demonstrate decentralization to attain commodity status. Ripple supports a friendly bill, believing the future outlook is optimistic. This discussion highlights the high uncertainty in the regulation of digital assets in the United States.
GateNews1h ago