Crypto Staking in the UK and its Tax Implications
What is Crypto Staking? Crypto staking involves locking your cryptocurrency in a blockchain network to validate transactions and earn rewards. This process, common in proof-of-stake blockchains like Ethereum, generates additional crypto as staking rewards. How Does HMRC Classify Crypto Staking? HMRC typically classifies crypto staking as an investment activity, not a trade. This means: Staking […]
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