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Navigating the Complex World of Cryptocurrency Tax Legislation in the UK
Manage episode 410415843 series 3557003
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This episode covers an in-depth discussion on the taxation and regulation of cryptocurrencies and digital assets, featuring insights from experts at KPMG and the broader financial and technological fields. Temple Melville is joined by Suzanne Dixon, KPMG's finance services direct tax partner, Bethany Leslie, who is the manager of indirect tax for KPMG, and by Ian Taylor, who is KPMG head of crypto and digital assets and also chair of Crypto UK, the body that oversees quite a lot of the people who are involved in crypto in the UK.
Together they delve into the complexities of taxing cryptocurrencies. The conversation touches on the difficulties of aligning crypto assets with current tax legislation due to the rapidly evolving nature of the industry and the unique characteristics of different types of crypto assets.
The dialogue further explores the broader implications of cryptocurrencies and digital assets on the financial system and global economy, including potential regulatory frameworks and the impact of technological innovations like Web3 and the Metaverse on traditional financial practices.
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