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The UK government has stated its intention to make the UK a global hub for cryptoassets and distributed ledger technology (DLT). To support this goal, the FCA has set up an Innovation Hub, hosts TechSprint events, and recently published a Legal Statement on the status of cryptoassets.

Our team advises high net worth individuals on the tax and reporting of their cryptocurrency investments. We have also advised on crypto-related transactions in respect of both investment funds and commercial structures, including on the sale of securities in connection with such transactions.

The Role of UK Crypto Experts in Global Blockchain Innovation

Paul Sibenik is a leading expert on cryptocurrency tracing and blockchain forensics. He regularly conducts investigations in a broad range of niches, including cryptocurrency hacks, exploits, vulnerabilities, theft, SIM hijacking, ransomware and embezzlement. He has also acted as an expert witness in civil disputes, including bankruptcy divorce cases, where the tracing of cryptocurrency often plays a central role.

ICAEW’s Digital Assets Working Party brings together experts from across disciplinary areas to explore the key international tax considerations for both individuals holding cryptoassets and for cryptoasset businesses. Our members are also helping to shape policy through a joint project with Deloitte. This project aims to unlock datasets to show how the current legal system can reinforce the strength of digital asset ecosystems and provide the flexibility needed by the UK to maintain its position as a global leader in this space.