Curious Cryptos’ Commentary 9th November 2025 — HMRC & UK’s crypto tax

https://www.curiouscryptos.com/post/9th-november-2025-hmrc-uk-s-crypto-tax

tl;dr

It’s all about tax, innit.

Market Snap

Market Wrap

The question that this week poses is the direction of the spot ETF flows, which have been largely negative of late. If that continues, BTC price action will be weak. I have a couple of cheeky bids at $95k and $89k, which I would be delighted to see filled.

Curious Cryptos’ meme corner

It’s good to get your priorities straight.

Curious Cryptos’ Commentary — HMRC

Yesterday’s brief commentary about HMRC resulted in an avalanche of questions on this topic.

I am not a tax advisor, nor a lawyer, but I do think I understand the basic mechanics of what is required of you for the calculation of any capital gains or losses on crypto investments, and the potential treatment of staking rewards as either income or capital.

Spoiler alert: on the narrow issue of staking rewards HMRC has got it completely wrong, and I am making that point forcefully to the powers that be. Don’t worry, I am…