Bitcoin

This is a microcosm of the global policy divergence: the UK is choosing growth-friendly tax policy while other jurisdictions (e.g., US, EU) tighten crypto-specific reporting and taxation. For crypto, it signals that the UK remains a relatively hospitable jurisdiction for digital asset wealth, reducing the tail risk of forced selling or relocation by UK-based holders.

The Chancellor rejected calls to raise Capital Gains Tax in the Budget.

Chancellor Rejects Capital Gains Tax Hike in Budget, Spares UK Crypto Holders

The CGT hold is a stealth green light for tokenized gilts and UK-domiciled crypto funds — because it removes the tax penalty that made on-chain yield products uncompetitive with traditional capital-gains-favored assets.