TechFlow news, November 27 — According to The Block, UK Chancellor Rachel Reeves did not propose new tax increases on cryptocurrency in her latest autumn statement, maintaining the same tax treatment for crypto assets as other asset classes. However, the government is moving forward with stricter reporting and regulatory measures, including the Crypto-Asset Reporting Framework (CARF), a global tax transparency system set to be implemented in 2026.
Industry players welcomed support measures for startups but warned that the UK's overall tax and regulatory environment could undermine its global competitiveness in fintech and digital assets. Experts expressed concern that insufficient incentives may lead high-growth fintech, AI, and Web3 companies to expand in other jurisdictions, further exacerbating the talent outflow recently observed in the UK.
