Tax-free bitcoin is back: How UK investors can now hold crypto in their ISAs once more

UK investors can now hold cryptocurrency exchange-traded notes (ETNs) in a tax-free Individual Savings Account (ISA) thanks to fintech startup Stratiphy. Stratiphy has received approval to offer crypto ETNs within a special class of ISA, specifically Innovative Finance ISAs (IFISAs). This development reverses a recent decision by His Majesty's Revenue and Customs (HMRC) that classified crypto ETNs as only available in IFISAs, effectively making them inaccessible to most retail investors as mainstream platforms did not offer IFISAs for crypto. Stratiphy will provide access to three ETNs from 21Shares: one for bitcoin, one for ether, and a combined bitcoin and gold ETN. ISAs allow individuals to save up to £20,000 annually without paying income tax or capital gains tax on returns. The move aims to make the UK more competitive with other markets where crypto investment is more broadly accessible.

(Source：CoinDesk)