UK PM Rishi Sunak Revokes Tax Payments for Foreign Crypto Buyers: Details

Rishi Sunak, the Prime Minister of the UK, is actively working on shaping up the crypto sector for the nation with rules and regulations. Going into 2023, foreigners who are using local British crypto exchanges for buying cryptocurrencies will be exempted from paying taxes. In the UK, profits generated out of crypto activities can be taxed 20 percent to 45 percent depending on the tax bracket the churned income falls under. The rule went into…