@chris_spencer04 I see the potential scam, someone could create a coin, only allow one person to buy in to it, it, boost it with cash, allow the recipient to cash in their chips, close the coin down, and the beneficiary has suddenly avoided a big chunk of capital gains tax.
One of the most co-ordinated parts of Reform's missing crypto bill is that, as well as pushing up the value of crypto, it proposed a big tax break on those very gains.
They wanted to reduce Capital gains tax to 10% specifically for crypto gains, no other capital gains.
the capital gain would be the difference in value of the crypto when you bought it, and when you sold it.
For people who got in early with big investments like Harborne that gain would be huge, and the tax break worth millions.
Dear diary.
This morning I accepted £5 million from a crypto billionaire. There were no strings attached and I made it clear that I can’t be bought.
In the afternoon I had a meeting with the Governor of the Bank of England to lobby them to drop their stupid cryptocurrency plan.
I notice no comments on the “god father of people smuggling” from reform !!
????
Could it be because it’s another one that Jenrick let in ??
No comments 30p ??
Tom Hayes - If we think about Nigel Farage & the £5m donation from a crypto billionaire and then he allegedly meeting the gov of the BoE asking him not to impose limitations on Stablecoin. Who is one of the major shareholders in Stablecoin? The man who gave Farage £5m
#newsnight