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HMRC (His Majesty’s Revenue & Customs), the UK’s primary tax agency, is set to impose some new rules on crypto by January 2026. If token holders don’t familiarize themselves with the changes, they could face steep penalties.

Lee Murphy, Managing Director at The Accountancy Partnership, provided BeInCrypto with some exclusive commentary on how to navigate these new guidelines.

New UK Crypto Taxes Explained

Since the crypto market is doing so well, many users across the UK are wondering about their tax implications.

In the past, regulators have considered some aggressive measures to sniff out undisclosed gains, after all. HMRC will impose new rules by the next tax season, so users should be aware of their implications:

“If you’ve sold, swapped, gifted or even used your crypto to purchase something online, you may owe some tax. In some cases, HMRC will treat cryptoassets as capital assets, which means that CGT (Capital Gains Tax) will apply when you trade one crypto for another, you sell crypto for money, you use crypto to buy goods/services, or you gift crypto to someone that isn’t your spouse,” Murphy claimed.

Essentially, if you’re a UK resident who has held onto crypto long-term, you won’t have to pay taxes on the assets’ price gains alone.

They’ll only kick in when tokens actually change hands. To be clear, though, this includes swapping one token directly for another, even if fiat isn’t involved.

These will trigger tax penalties, so users should keep diligent records.

Possible Loopholes to Minimize Penalties

Luckily, if your gains were less than £3,000, you’ll be exempt from capital gains taxes. However, the previous guidelines were more generous.

More importantly, HMRC has been hard at work tracing user data by cooperating with major exchanges and analyzing blockchain data. Murphy warned that undisclosed gains might be harder to successfully hide.

So, is there any way to reduce crypto tax obligations in the UK? Murphy noted that getting paid in crypto is defined by looser rules.

In an interesting twist, staking rewards fall into this category too:

“If you’re earning crypto as part of your job, then you’ll be looking at income tax rather than [capital gains]. If you mine or stake crypto as a reward, then HMRC will also see this as part of your earnings, so they will be taxed like any other income,” he claimed.

To be clear, this solution isn’t a diamond bullet. Crypto holders won’t have to pay taxes in the UK if their income is less than £12,570.

However, that includes all incomes, not just crypto-related ones. Token-based salaries get the lower rate, at least, but there’s no foolproof cheat system yet.

The UK may be working on friendlier crypto policies, but taxes aren’t a part of that. The financial system already displayed a certain animus towards Web3, after all.

British asset holders should prepare for steeper penalties and more comprehensive accounting from HMRC.

The post Thousands of UK Residents At Risk of Fines or Jail Due to Crypto Tax Changes appeared first on BeInCrypto.

According to a new analysis, the character of the current crypto bull market has changed. Institutional participation is paving the way for a longer, more sustained period of growth at the expense of the explosive gains seen in past cycles.

On-chain data analyst ‘Yonsei_dent’ of CryptoQuant argued Wednesday that key metrics show the market is maturing. He pointed to the Net Unrealized Profit/Loss (NUPL) indicator, explaining that it shifts toward “longer, more sustainable cycles” that may feature fewer sharp, short-term rallies that defined previous bull runs.

Institutional Investors Transformed the Market Nature

The NUPL metric essentially gauges the market’s overall profitability. When it’s high, many investors hold significant unrealized profits, which increases the temptation to sell and take profits.

“Historically, NUPL peaks have been a remarkably accurate signal for market cycle tops. The 2017 cycle had one massive peak. The 2021 cycle had two. In the current cycle, NUPL appears to be attempting a third peak. What we’re seeing now is new.”

Yonsei_dent attributes this fundamental shift to the influx of institutional capital, particularly through the successful US-based spot Bitcoin ETFs. This new source of demand is more consistent and less speculative than the retail-driven frenzy of past cycles.

“The ETFs have been a game-changer,” the analyst noted. “They bring a stabilizing force and immense liquidity.”

This new stability, however, comes at a price. While the market is larger and less volatile, the analysis shows that the percentage gains during each successive rally in this cycle have gradually decreased.

“The era of frenzied, 100x rallies in a short period might be behind us. The data suggests we are entering a new paradigm. Bull markets may last longer and be built on a more solid foundation, but investors should adjust their expectations for the kind of sharp, overheated gains we saw in the past.”

The post Bitcoin’s New Bullish Nature: Long Climb Without Sharp Surges appeared first on BeInCrypto.

Cryptocurrency exchange Bullish, backed by Palantir co-founder Peter Thiel, saw its shares jump more than 150% in its debut on the New York Stock Exchange on Wednesday.

The company had already raised $1.11 billion before the public offering, pricing 30 million shares at $37, above the anticipated range. Bullish’s stock closed at $75.3 after reaching an intraday high of $109.9, valuing the firm at approximately $9.94 billion.

Bullish’s Shares Jumped More Than 150%

This successful IPO represents a rare US listing for crypto exchanges and follows recent corporate successes in digital assets.

“Bullish came out with an attractive initial valuation, and investors responded by aggressively bidding it up during the pre-IPO process,” noted Jeff Zell, a senior research analyst at IPO Boutique.

Who is Bullish & Why It Matters

Prominent backers, including Peter Thiel’s Founders Fund, Nomura, and Galaxy Digital, launched Bullish in 2020. The company makes its second attempt to go public after calling off an SPAC merger in 2022.

Tom Farley, the former president of the New York Stock Exchange, leads the firm. He will assume the chairman role following the listing and brings deep market-structure expertise. His credibility with institutional clients provides a critical advantage in the competitive crypto exchange space. Bullish targets institutional clients, whose crypto holdings should grow with new regulations.

After confidentially filing for its IPO in June with JPMorgan and Jefferies, Bullish achieved a successful debut. The debut comes amid surging investor confidence in digital assets. Circle Internet Group achieved similar success when its shares leaped over 500% after its debut. Other firms like Gemini, Grayscale, Figure Technology, and BitGo are also seeking to go public.

Demand for crypto-related equity investments is perhaps stronger than ever. Several token projects have created digital asset treasury companies to transform listed companies into crypto accumulation machines. Strategy, formerly MicroStrategy, famously pioneered this with Bitcoin, a path also taken by companies like Japan’s Metaplanet. More recently, firms such as BitMine and SharpLink have followed a similar playbook by focusing on accumulating Ethereum, often leveraging its utility for staking.

This wave of IPOs is occurring as the US capital markets show a bullish sentiment toward crypto, a trend underscored on the same day by Bitcoin’s new all-time high of $123,500. A pro-crypto White House, corporate treasury adoption, and new ETF inflows drive this market optimism.

Bullish is nearing completion of a two-year process to obtain New York’s “BitLicense” for state operations. The company also plans to convert IPO proceeds into stablecoins, which boomed after the Genius Act passed.

The post Peter Thiel-Backed Crypto Exchange Bullish Nearly Doubles in Debut appeared first on BeInCrypto.

KeepSolid, one of the leading developers of privacy tools announced the launch of KS Coin, a Solana-based utility token powering its new Web3-enabled loyalty program. 

Available now at a 30% discount until August 21, KS Coin is priced at $0.007 per token and can be purchased through the KS Coin page. 

Unlike traditional loyalty points that are locked within a single ecosystem, KS Coin gives users real ownership, as it can be freely sold or exchanged.

KS Coin enables users to earn rewards by interacting with KeepSolid’s suite of security-focused tools, including VPN Unlimited, Passwarden, and others. Additionally, it enables them to access new features and support the company’s upcoming tools, including a Browser with VPN, anonymity & Web3 support and End-to-end encrypted private messenger. The coin can be purchased directly on KeepSolid’s website, and in the future on selected crypto platforms.

“KS Coin reflects our belief that users should not only benefit from using our products, but also take part in our growth. This is a reward you can own and use, it’s something traditional loyalty programs don’t offer”, — said Vasyl Ivanov, Founder and CEO of KeepSolid. 

Token Utility and Earning Mechanics

KS Coin is both a loyalty reward and a gateway to future participation in the KeepSolid ecosystem.

Users can earn KS Coins by:

• Regularly launching KeepSolid apps
• Installing apps on new platforms (Windows, macOS, Android, iOS, etc.)
• Extending or renewing paid subscriptions
• Existing loyal users with active paid plans will also receive free KS Coins as a thank-you bonus
• Inviting new users to KeepSolid products

Coins can be used to unlock subscription discounts or premium features, and support the upcoming products.

Token Sale and Distribution Details

KS Coin is a utility token built on the Solana blockchain, chosen for its speed, scalability, and low transaction costs.

The token distribution is structured as follows: 5% Airdrop, 15% Presale, 20% Rewards, 10% Stability Fund, 20% Marketing, 30% Public Sale.

Why support the KeepSolid ecosystem?

As censorship grows and surveillance expands, Web3 tools will be crucial in ensuring genuine digital freedom. With KSCoin, users can support the development of the company’s Web3 ecosystem, which includes DoubleVPN & RAM-based servers, a safe marketplace for residential IPs, an end-to-end encrypted private messenger, and a browser with VPN and anonymity. 

About KeepSolid

KeepSolid is a technology company that has been at the forefront of digital privacy since 2013, developing secure and user-friendly tools that empower people to take control of their online lives. More than 45 million users worldwide have registered with the company’s services and are using them to protect themselves.

Guided by a mission to enhance privacy, productivity, and digital freedom, KeepSolid is now evolving to meet the needs of a decentralized, anonymous, and user-owned internet, continuing to create products that put users first.

The post KeepSolid Launches KS Coin: A Loyalty Crypto Reward with Real Utility Token Benefits appeared first on BeInCrypto.