The United Kingdom has taken one step forward to becoming a https://www.financemagnates.com/cryptocurrency/singapore-is-the-city-state-ready-to-become-asias-next-crypto-hub/” target=”_blank” rel=”follow noopener”>cryptocurrency hub with its latest tax exemption for non-residents and foreign investors while purchasing digital assets through local investment managers or brokers.
The UK’s Crypto Tax Break for Non-Residents
The new tax break rule came into effect on 1 January 2023 and is part of Prime Minister Rishi Sunak’s plans to make the United Kingdom a cryptocurrency hub.
The HM Revenue and Customs…
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