Ep4. Tax considerations for UK crypto investors

04/01/21 • 12 min

This next episode of the Withers talks: cryptocurrency podcast, ‘Tax considerations for UK crypto investors,’ focuses on the current tax landscape and top considerations for crypto investors, day traders and miners in the UK. In a lively discussion between members of our US and UK tax teams, podcast host Charles Kolstad is joined by Lauren Rapeport, an attorney in our private client and tax team based in Withers’ London office, who advises clients invested in cryptocurrencies.

In the UK, Her Majesty's Revenue and Customs (HMRC) have tried to bring crypto assets into the existing tax framework. So what does that mean for crypto investors? Are hardforks and airdrops taxable events? What are the reporting requirements for investors in cryptocurrencies, and how do the tax treatment and approach to enforcement in the UK differ from the US? Listen as Lauren Rapeport and Charles discuss this timely topic in the evolving world of cryptocurrency.

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Ep3. Cryptocurrency issuer considerations & European regulation

In this episode of the Withers talks: cryptocurrency podcast titled, ‘Cryptocurrency issuer considerations & European regulation,’ podcast host Charles Kolstad is joined by Giorgio Vaselli, a tax attorney in our Italian private client and tax team based in Withers’ Milan office, who regularly advises clients invested in cryptocurrencies.
The episode begins with an overview of the key assets and players in the crypto market including payment tokens, security tokens, utility tokens, investors, issuers, miners, wallet providers, exchanges and others. If you’ve wondered how these are defined and fit into the crypto ecosystem, Giorgio’s early comments put these key terms in context. He and Charles also discuss initial coin offerings (ICOs), initial token offerings (ITOs) and the issues they raise for both investors and regulatory bodies, before turning to the European regulatory landscape related to digital assets and cryptocurrencies, key anti-money laundering (AML) directives and recent developments like the European Union’s DAC 7.

Next Episode

Ep5. The rise of decentralized finance (DeFi)

This episode of the Withers talks: cryptocurrency podcast is titled, ‘The rise of decentralized finance (DeFi).’ As with many areas of the broader economy in which suppliers are trying to get closer to consumers and cut out intermediaries and middlemen, DeFi disrupts centralized financial services by creating a market where financial transactions can take place directly between two parties, without requiring a central authority. DeFi seeks to include all of the same activities of our current financial system, like borrowing, lending, trading and pledging, in a more efficient, transparent and accessible way while reducing risk. And it continues to grow.

Podcast host Charles Kolstad is joined by Ridge Barker, chair of the corporate finance team in Withers’ Greenwich office, as well as Joe Bambara, CIPP/US, attorney/technologist and consultant to Withers, to discuss the ins and outs of DeFi within the cryptocurrency and digital asset space for experienced crypto investors and novices to DeFi alike.

How does DeFi differ from our current financial system? What are the products and components of the ecosystem, and who are the participants currently? What are the investment opportunities in DeFi? How are taxes affected by DeFi transactions? What are the regulatory and securities risks for developing DeFi products? Listen as Charles, Ridge and Joe discuss all things DeFi in our latest podcast episode.