by wxplo | Nov 7, 2021 | Cryptocurrencies, Wealth News
A bitcoin exchange-traded fund (ETF) gets exposure to Bitcoin via traditional stock markets, without needing to directly buy or sell the digital asset on a cryptocurrency exchange. So rather than going down a dicey unregulated route exposure is now available via a...
by wxplo | Oct 22, 2021 | Cryptocurrencies, Money Matters, Wealth, Wealth News
Do you have to pay taxes on cryptocurrency UK? Yes, you do. If you reside in the UK and hold cryptoassets they will be taxed if you make a profit (or gain) with the holding. The tax is Capital Gains Tax (CGT), meaning you pay tax on the difference between what your...
by wxplo | Oct 20, 2021 | Cryptocurrencies, Money Making Opportunities, Wealth News
Will The FCA’s Campaign to Warn ‘Younger Investors’ of Cryptos and other high risk assets work? Possibly, but it may be too little far too late. It’s been reported that the FCA is to spend £11Million pounds on an advertising campaign to warn younger people of the...
by wxplo | Oct 19, 2021 | Money Making Opportunities, Wealth, Wealth News
Is the new $600 dollar US reporting requirement an invasion of privacy. Yes, it is. How else can you look at it? Under the proposals financial institutions wil have to report transactions above $600. Few people enjoy paying income taxes. But once new reporting rules...
by wxplo | Oct 18, 2021 | Cryptocurrencies, Wealth News
You’d be foolish to think you’ll escape crypto asset taxation unless you were a very earlier adopter that was set up in a foreign place. But the reality is that you’re not, are you? Instead, you’re shuffling about with a new worry in your mind. Is there any escaping...
