UK Extends Crypto Tax Break for Investment Managers

UK extends crypto tax break for investment managers. In a package of financial services reforms unveiled today, setting out how to replace European Union banking and financial-market laws, the Treasury said it would extend an existing tax break, which allows investors to use a U.K.-based manager without drawing extra tax liability, to the crypto sector. The change will be made via regulations this year.

The Treasury also said it will implement a "sandbox" to test out innovative financial market infrastructures next year, and will consult on a digital pound in the coming weeks.