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How UK’s shock tax rules could torpedo London’s crypto and fintech boom: ‘It could just drive trading to Portugal’
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The UK tax authority’s approach to taxing DeFi transactions may drive down trading volumes and make the market less liquid.
That's according to DLA partner Jason Collins, who told Financial News that fintechs may need to scale down activity if users step back from crypto investments over fear of a tax hit, which could also apply retroactively.
DeFi...
Read more on fnlondon.comAbout this in other media
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Rowan Williams calls for UK wealth tax to tackle ‘spiralling inequality’ theguardian.com /2 years ago
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