Jump to content
Sign in to follow this  

Cryptoassets - Positive UK Government Position

Recommended Posts

This is very interesting.

It is showing the UK leading the way in terms of accepting Cryptoassets and showing how such assets will be taxed. This is a very important step in legitimising Cryptoassets in the UK and sending out the message that they are not going anywhere and are here to stay and the UK is open for business in relation to Cryptoassets. 

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

UK government ‘ready’ to allow regulator oversight of crypto assets

https://www.ft.com/content/21e9c220-043c-11e9-99df-6183d3002ee1

U.K. Crypto Traders Can Use Losses to Offset Profits, Reduce Tax

https://news.bloombergtax.com/daily-tax-report-international/uk-crypto-traders-can-use-losses-to-offset-profits-reduce-tax

This does not look like the UK thinks Bitcoin is going to zero! Some states in the US have also adopted positive steps towards Bitcoin and Taxes so again they do not think Bitcoin is going to zero, not yet anyway or the foreseeable future!

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,424
    • Total Posts
      37,733
    • Total Members
      47,702
    Newest Member
    SanthuDiya
    Joined 18/09/19 14:51
  • Posts

    • yes they will be on less charts but I understand your point about the size of the moves in ftse, no harm in trialing them though you might find marking out the immediate prior high and low has more relevance.  
    • Yeah, I keep an eye on volume, that's why it's showing at the bottom of my chart However, I haven't been able to discover a strong relation between volume spikes and trend direction. Sometimes I see orders of the magnitude of 10-20k and the chart doesn't do anything special. Other times you see just average volume and the chart does huge turnarounds. For example what happened at 8.30 with that spike down and then going straight back up and making new highs vs previous candle? All happened on low volume
    • @jameswalker1 my recommendation is trade the demo account to get a better understanding of the costs associated. I traded demo for nearly 2 years before placing my first real trade. It will save you in the long run to get a better understanding of the costs involved.
×
×