The UK's Chancellor of the Exchequer's autumn statement did not increase encryption taxes, but regulation is tightening.

According to ChainCatcher news and reports from The Block, UK Chancellor Rachel Reeves did not propose new tax increases on Crypto Assets in her latest autumn statement, maintaining the same tax treatment for digital assets as for other asset classes. However, the government is pushing for stricter reporting and regulatory measures, including the upcoming implementation of the Crypto-Asset Reporting Framework (CARF) global tax transparency system in 2026. Industry insiders welcome the entrepreneurial support measures but warn that the overall tax and regulatory environment in the UK may weaken its global competitiveness in the fintech and digital asset sectors. Experts are concerned that the lack of sufficient incentives may lead high-growth fintech, AI, and Web3 companies to choose to develop in other jurisdictions, further exacerbating the talent outflow phenomenon recently observed in the UK.