UK Crypto Tax Bill
UK Crypto Tax Bill related articles on BTCC. The first thing to acknowledge is that there are no taxes that are applied specifically to any cryptocurrencies here in the UK, HMRC believes that cryptocurrencies are not real currency. Instead, it treats it as a property — a capital asset, similar to property or shares.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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