Quantcast

Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure

Bitcoin creator Satoshi Nakamoto is the world’s 11th richest person
Binance Launches TGE Bonding Curve with Four.Meme: Everything You Need to Know
Bernstein expects 'long and exhausting' crypto bull market with bitcoin to hit $200,000 by early 2026
Strategy bags another $472M in BTC as Bitcoin jumps to new highs
Bank of England puts a stop to stablecoins: here's why
UAE Golden Visa is ‘being developed independently‘ — TON Foundation
SEC Sets July Deadline for Solana (SOL) ETF Refilings, Clearing Path for Pre-October Approval
Robinhood's OpenAI-linked token drop triggers demand debate
US Secret Service cracks down on crypto scams
Donald Trump Signs His “One Big Beautiful Bill” Budget Law — What’s the Takeaway?
Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
Hong Kong's OSL eyes Indonesia expansion with $15 million crypto exchange acquisition
FCA-registered BCP launches British pound stablecoin
Crypto: Ripple's RLUSD stablecoin will now also be used in the United Arab Emirates
Robinhood completes $200 million acquisition of crypto exchange Bitstamp
Changpeng Zhao offers a dark pool-style DEX for invisible crypto orders
Crypto investors sound alarm on UK’s capital gains tax hike and regulatory pressure
Webp 1
Rachel Reeves, UK Chancellor | Number 10 | Flickr

On October 30, UK Chancellor Rachel Reeves announced a capital gains tax (CGT) rate increase for high-income individuals, raising it to 24%. This change has raised concerns in the cryptocurrency community, where some investors fear that increased tax and regulatory pressures will diminish the UK's appeal for digital asset investment.

The CGT increase comes amidst an awareness gap among crypto holders regarding tax obligations. A 2022 report from HM Revenue and Customs (HMRC) found that only 34% of cryptocurrency owners had a good understanding of CGT, leaving many uncertain or unaware of their responsibilities. Ahead of the January 31 self-assessment deadline, HMRC intends to boost outreach efforts to ensure compliance among crypto investors.

The tax hike has sparked anxiety among crypto advocates. “It will never go down. Once they raise it, and people don’t set the world on fire, calm settles, and people forget,” said Oculus, a UK-based crypto consultant on X. “After a while, that is just what CGT is in the UK. So it only stays or gets worse from here. ”

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

He expressed concern that the increased rates could lead some investors to consider relocating, noting, “I think the cold reality is, people who have the means to get out of the UK will be making plans. It’s not like tax is high but it is an incredible, beautiful, and safe place to live.”

These concerns are compounded by ongoing regulatory scrutiny from the Financial Conduct Authority (FCA), which has faced criticism for lengthy approval processes for crypto firms. Industry stakeholders warn that this combination of tax increases and regulatory pressure could erode the UK's status as a leader in digital finance. In recent years, the FCA’s extensive regulatory process has led to prolonged delays for crypto firms seeking approval, further complicating the environment for growth.

In addition to the CGT hike, Chancellor Reeves introduced a £25 billion increase in employers' National Insurance contributions, raising rates to 15% on salaries over £5,000, according to a report from The Times.

The Financial Times also reported criticism of Reeves for changing the government's fiscal rules from public sector net debt (PSND) to public sector net financial liabilities (PSNFL), a shift that allows more borrowing without breaching fiscal limits. Some analysts have questioned whether this approach will result in meaningful economic benefits.

As tax deadlines approach and regulatory demands remain stringent, the long-term impact of these policy changes on the UK's digital asset sector is yet to be determined.

Organizations Included in this History
More News

The Australian Securities and Investments Commission (ASIC) has issued a warning to investors regarding unlicensed crypto asset futures products offered by Bitget, as said in a public announcement.

Jul 29, 2025

Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.

Jul 28, 2025

Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.

Jul 28, 2025

Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.

Jul 28, 2025

Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.

Jul 28, 2025

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025