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Crypto
Some countries tax bitcoin unrealised gains when taxpayers lose residency status
Some countries including Canada and Australia can levy tax on unrealised bitcoin gains when a taxpayer loses tax residency, prompting some high-value holders to consider emigration timing ahead of selling, CryptoSlate reported. Automatic exchange of crypto transaction and tax residency data under CRS and CARF is reinforcing the focus on tax residency. The OECD says 76 jurisdictions plan to join CARF, with cross-border exchanges starting in 2027. Rules vary across the UK, Spain, the United States and Puerto Rico.
Crypto
UK restores tax-free access to crypto ETNs as startup Stratiphy launches service
UK retail investors can again hold cryptocurrency exchange-traded notes (ETNs) in tax-free accounts. Startup Stratiphy has secured approval to run an Innovative Finance ISA and launched a service that lets individuals buy 21Shares crypto ETNs in a tax-free structure. The launch comes after changes by the Financial Conduct Authority and HM Revenue & Customs altered how such products can be held. 21Shares said its products have gained more than 40 percent of the market.
Crypto
48 countries including UK formally implement CARF crypto tax rules
Forty-eight countries, including the United Kingdom, have formally implemented a new crypto tax regulatory system, the Crypto-Asset Reporting Framework (CARF), from Jan. 1, 2026. Developed under the OECD, CARF is a global tax information standard aimed at preventing tax evasion using crypto and digital assets. In the UK, major exchanges must report users’ transactions and related details to HM Revenue and Customs, with wider automatic sharing from 2027.