Odaily Planet Daily News: Since April 6th, with the start of the new fiscal year, UK investors will no longer be able to add crypto exchange-traded notes (ETNs) to their “Stocks and Shares ISA” tax-free accounts. The UK tax authority HM Revenue and Customs (HMRC) has classified crypto ETNs as assets only suitable for “Innovative Finance ISAs,” and currently, no mainstream platforms plan to offer related products.
Investors who already hold crypto ETNs in their ISAs are not required to sell them. HMRC stated that, given the innovative nature of crypto assets and the market still being in development, they will continue to assess whether policy adjustments are necessary in the future.
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