- Topic
25k Popularity
31k Popularity
27k Popularity
43k Popularity
5k Popularity
- Pin
- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC) - The Gate to Web3’s future opened in Tokyo during WebX Asia ✨
VIP vibes, exclusively with Dr. Han.
#WebX2025# #Gate# - Gate Launches GUSD!
Mint, trade, and stake GUSD — backed by U.S. Treasuries & real-world assets, offering low-risk, stable-yield opportunities. First Launchpool goes live Aug 29, 2025, with up to 365% APR.
Thousands of investors in the United Kingdom are at risk of slashing or imprisonment due to changes in cryptocurrency tax.
HMRC, the tax authority of the United Kingdom, will implement new regulations on cryptocurrencies starting from January 2026, with heavy penalties for violators. According to Lee Murphy, Director of The Accountancy Partnership, if you sell, exchange, gift, or use cryptocurrencies to purchase goods/services, you may be liable for capital gains tax (CGT). The tax applies when the asset is actually transferred, including token exchanges not involving fiat.
Individuals with profits below £3,000 will be exempt from CGT, but HMRC is ramping up data retrieval through exchanges and blockchain. Income from salary, staking, or mining cryptocurrency will be subject to income tax if total income exceeds £12,570.
Although the UK can develop a more crypto-friendly policy, taxes remain a barrier. Investors need to prepare for higher slashing and stringent accounting record-keeping requirements.