UK Investors Can Now Avoid Paying Tax on Bitcoin Investments

Following approval, UK investors can once again hold cryptocurrency ETNs in a tax-free account, thanks to Stratiphy's new offering. The fintech company will provide access to three ETNs from 21Shares, including those tracking bitcoin, ether, and a BTC and gold combination, within a special class of individual savings account (ISA). This development comes after the UK's tax authority, HMRC, had earlier classified crypto ETNs as only available in IFISAs from the start of the current tax year. Stratiphy's move is expected to revive interest in crypto investments, allowing users to save up to £20,000 per year without paying income tax or capital gains tax on returns.