Dion Seymour comments on the UK becoming the largest crypto economy in Europe, in City A.M.
Crypto Tax & Accounting Technical Director, Dion Seymour, comments on how certainty in the crypto regulatory and tax environment caused the UK to become the largest crypto economy in Europe, in City A.M.
Dion’s comments were published in City A.M., 20 October 2022, and can be found here.
“I would like to think it’s because we’ve tried to provide certainty as far as crypto regulation and taxation go in the UK.
“No one wants crypto to be taxed, but if there’s uncertainty about how it will be taxed, that can cause some level of consternation too.
“Consumer protection absolutely needs to be considered if we want DeFi to become mainstream.
“We will continue to see a lot of conversation among policymakers, the World Bank, World Economic Forum, OECD, HMT, FCA, and obviously HMRC this year.”