The UK will implement a tax exemption policy for foreign investors appointing UK investment managers to invest in cryptocurrencies

ChainCatcher news, starting today, the UK will implement a tax exemption policy for foreign investors who appoint local brokers or investment managers to invest in cryptocurrencies.

In addition, HM Revenue and Customs stated, "This tax exemption policy is an important factor in attracting global investors, meaning that foreign investors will not be subject to UK taxation simply for appointing a UK investment manager. To solidify the UK's position as an investment management hub, this tax exemption policy has been expanded to include crypto assets, so that crypto asset-related funds will not delay the appointment of UK managers." (Source link)