It seems the UK is planning their domestic taxes since the Brexit, and they are targeting crypto business and they already have a plan for that!

For now on, all crypto related business will be charged accordingly with what they generate doing the business.

Meaning, all crypto related business will be charged a registration fee based in what they make!! If a business is producing quite good revenue, also the registration fee will be proportioned to that...same happening with the ones who produce less, this ones also will be paying less in registration!

There was a appeal to small business to not paying taxes, but seems that the "watchdog" financial authority in UK is pondering to charge all with no exception.

To remember that the UK Financial Authority is the one for now that will be doing crypto business supervision, and make also they comply with the 5AMLD.

It's interesting to see United Kingdom start taking more seriously the crypto business and regulated them after Brexit, means that the crypto market still have a lot of Space in England.

Let's see what the future reserve !!!





*Image from pixabay.com, free for commercial use.