[UK Autumn Statement Does Not Increase Crypto Taxes, Global Tax Transparency System to Be Implemented in 2026]
UK Chancellor Rachel Reeves did not introduce additional taxes on cryptocurrencies in the Autumn Statement, maintaining the same tax treatment for crypto assets as other asset classes. The UK government is advancing stricter reporting and regulatory measures, including plans to implement the Crypto-Asset Reporting Framework (CARF) global tax transparency system in 2026. Industry professionals welcomed the entrepreneurial support measures but expressed concerns that the UK's tax and regulatory environment might weaken its global competitiveness in the fintech and digital asset sectors, exacerbating the talent outflow in fintech, AI, and Web3 enterprises.