Lisa Cameron MP, Chair of the Crypto and Digital Assets APPG said:
“It’s crucially important that we have a consistent approach in the UK when it comes to cryptoassets, including both the regulatory and tax treatment of this emerging market.
The Government has said that it wants the UK to be an attractive destination for innovation and investment particularly when it comes to financial services.
To achieve that we need to have a clear regulatory framework aligned with tax treatments for cryptoassets in the UK which provides clarity for both businesses and consumers.
We have some excellent examples of innovative crypto businesses here in the UK, not just in London, but across the country, employing hundreds of people in highly skilled roles, and we don’t want to run the risk of losing these businesses to other overseas markets.
We need a clear and consistent approach to crypto policies from all parts of Government and regulators need to work with the crypto sector when developing policies and guidance such as this.”