UK's New Tax Year Policy: Crypto ETNs Excluded from Mainstream ISA Tax-Free Accounts

Policy Change Impacts Investors

Starting April 6, UK investors can no longer add crypto ETNs to their "stock and shares ISA" tax-free accounts. This decision by HM Revenue and Customs (HMRC) marks a clearer regulatory stance on crypto assets.

Current Holders Unaffected

Investors who already hold crypto ETNs do not need to take any action. HMRC stated that existing holdings will not be affected and investors may continue managing their portfolios.

Future Policy Adjustments Possible

Due to the innovative nature and early stage of the crypto market, HMRC indicated it will continue reviewing its policies for potential future changes.