The UK government’s Autumn Fiscal Statement on Wednesday confirmed no adjustments to capital gains tax rates for cryptocurrency investors. This decision follows last year’s implementation of the increased rate, which had already impacted those in the industry. Notably, Azariah Nukajam, Gemini’s UK Compliance Director, welcomed this news, expressing optimism that the continued non-taxation of cryptocurrencies would contribute to their long-term acceptance as a viable investment option. Nukajam also emphasized the increasing convergence with traditional financial models, noting that recent regulatory updates and tax transparency requirements in the UK point towards stricter regulations and increased transparency being enforced, similar to established financial sectors.