The gray area for retail investors is coming to an end
While it may seem like a small change, further reducing the limit of £3,000 could generate significant tax revenue, especially with recent data from the Financial Conduct Authority (FCA) revealing that 12% of adults in the UK now own cryptocurrencies.#MarketPullback
It is hard to imagine that this is completely off the table, especially with the rising debt of the UK government.
The era in which retail cryptocurrency investors enjoyed a gray area of regulatory leniency is coming to an end. As the cryptocurrency market matures and prices continue to rise, governments are paying attention to media headlines covering the explosive growth of asset prices.$BTC
This is especially true in emerging markets, where governments are under increasing pressure to cover budget deficits without triggering political backlash through more visible or controversial tax increases.
No other asset compares to Bitcoin's average annualized return of 61.2% over the past five years.
