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The UK's Chancellor of the Exchequer's autumn statement did not increase encryption taxes, but regulation is tightening.
ChainCatcher News, reported by The Block, the UK Chancellor of the Exchequer Rachel Reeves did not propose new tax increases on Crypto Assets in her latest autumn statement, maintaining the same tax treatment for crypto assets as other asset classes. However, the government is advancing stricter reporting and regulatory measures, including the upcoming implementation of the Crypto-Asset Reporting Framework (CARF) global tax transparency system in 2026. Industry professionals welcomed the entrepreneurial support measures but warned that the overall tax and regulatory environment in the UK could weaken its global competitiveness in the fintech and digital asset sectors. Experts are concerned that the lack of sufficient incentives could lead to high-growth fintech, AI, and

