Myna’s take on the Treasury Committee’s Report

On May 17th 2023 the Treasury Committee released a Report stipulating that cryptoassets have "no intrinsic value" and that their price volatility "exposes consumers to the potential for substantial gains or losses, while serving no useful social purpose."

https://cryptouk.io/resources/cryptouk-strongly-rejects-treasury-committees-crypto-gambling-claim-cryptouk-response-to-the-tsc-statement/

Additionally to this, Paragraph 51 has stated that cryptoassets resemble gambling more than a financial service, with notion that “unbacked” cryptoassests exposed "consumers to the potential for substantial gains or losses, while serving no useful social purpose".

Founder, Joe David, & leading crypto tax expert Jamie Nuttal, jump onto this hot off the press podcast to discuss this report as a whole, breaking down their report, their take, how this may impact their clients and what they think is coming next for the crypto regulation.

If you’d like to find out more or seek advice on your cryptoassets, make sure to contact Myna directly.

To follow Joe & Jamie for more on their take, find their Twitter & LinkedIn handles below:

Twitter:

@CryptoTaxJme

@crypjo091

LinkedIn:

linkedin.com/in/jamie-nuttall-93158491

https://www.linkedin.com/in/joejdavid/