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Cryptoassets - Positive UK Government Position

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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. 


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


U.K. 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!

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