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The hidden cryptocurrency investing risk no-one is talking about

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The hidden cryptocurrency investing risk no-one is talking about

Bitcoin and other cryptocurrencies have been back in the spotlight, after soaring on the back of Donald Trump’s election, then plummeting back down again before getting another boost when the president fleshed out some details about a proposed US crypto reserve.

The risk of dramatic ups and downs in the market are well known, and investors shouldn’t get into it without realising they could lose everything.

However, it’s not the only risk to be aware of – because even if you make money on crypto, you could be felled by tax.

Read more: How to save money when you’re single

If you earned the crypto through work, or made it by mining it, then you could be in the frame for income tax. But if you bought it, the tax to worry about is capital gains tax (CGT).

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If you bust the limit when selling cryptocurrency, basic-rate taxpayers could pay 18% on gains, while higher and additional rate taxpayers could be saddled with a 24% levy. · d3sign via Getty Images

You’ll need to work out what gain you’ve made. You can pool the cost of the coins you’re selling (assuming they are the same type of coins), considering what you paid for each of them, and then working out an average cost per coin.

Then you can work out the gain by subtracting that from the selling price. It means you need to be certain about what you paid for the coins and how much they have gained in value since then.

Read more: How to negotiate house prices

You then need to either pay the capital gains tax immediately, using the real time service, or complete a self-assessment tax return at the end of the tax year.

You might not have to pay tax on all of the gain. If some of the coins you’re disposing of have lost value, you can offset the loss against any gains, but you need to report the loss to HMRC in order to do so.

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You can also often subtract the transaction fees – which can be substantial when you sell crypto.

All this means you need to keep good records – including the date of disposal, the pooled costs before and after you disposed of them, the number of tokens you have left, and the value of them. You also need to hang onto bank statements and wallet addresses, because HMRC might ask to see any of these things if they carry out a check on your accounts.

Don’t assume your wallet will be the only record you need, because this isn’t necessarily stored for long. The exchange may not even exist when HMRC comes calling.

You may have bought crypto for the excitement of riding the rollercoaster, so the fact it comes with a hefty burden of admin is unlikely to come as a pleasant surprise.
You may have bought crypto for the excitement of riding the rollercoaster, so the fact it comes with a hefty burden of admin is unlikely to come as a pleasant surprise. · Thomas Barwick via Getty Images

To some people this may sound like a real faff, and they may wonder whether they need to bother at all, so it’s worth knowing that HMRC works with the major exchanges and can access your customer information and transaction data.

The autumn budget last year also revealed HMRC would be keeping a closer eye on digital assets. Worldwide crypto activity from the start of 2026 will be reported automatically to the taxman – with the first reports hitting at the end of May 2027.

If you don’t disclose gains and pay the tax that’s due, the authorities can find you through the exchanges and charge tax – and possibly a penalty. Depending on how concerted your efforts to hide the gain, these fines can be really substantial.

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It means that if you hold digital coins, and the tax threat has never occurred to you, you’re going to need to spend some serious time getting the paperwork in order.

You may have bought crypto for the excitement of riding the rollercoaster, so the fact it comes with a hefty burden of admin is unlikely to come as a pleasant surprise.

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Simply Asset Finance reaches $2.6bn loan origination milestone in 2025

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Simply Asset Finance reaches .6bn loan origination milestone in 2025

Simply Asset Finance has reported that its total loan origination reached £2bn ($2.6bn) in 2025, following its growth and lending activity during the period.

During 2025, the company’s gross loan book increased to £543m and its customer base grew to 13,000.

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Additional digital platforms came online, and commercial loans were added to the range of available finance solutions.

Improvements in the company’s own technology and stronger results in various regions contributed to increased efficiency in lending operations and a broader local presence for SME clients.

In July, Simply Asset Finance introduced Kara, an AI-powered virtual agent.

Kara uses the company’s past data to enhance user interactions, streamline internal processes, and speed up decisions on lending applications.

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Simply Asset Finance CEO Mike Randall said: “Our growth this year has built on the momentum of 2024, and reaching £2bn is a clear milestone for the business. All our channels have driven that progress, with rising demand for specialist lending helping us expand our footprint and support even more SMEs across the UK.

“Despite a year of challenging economic conditions, small businesses have remained resilient and ready to invest. Kara has been central to meeting demand quickly and efficiently –  and we expect her value to our customers will only grow.

“As we head into 2026, we’re focused on carrying this momentum forward and working with even more brilliant businesses to unlock their potential.”

Last month, Simply Asset Finance became a Patron lender of the National Association of Commercial Finance Brokers (NACFB).

This partnership is aimed at supporting the broker community in the UK and increasing access to asset finance and leasing products through wider distribution. 

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The NACFB is known as an independent UK trade association for commercial finance intermediaries, promoting cooperation between lenders and brokers across the sector.

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

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Baker McKenzie Welcomes Finance & Projects Principal Matthias Schemuth in Singapore | Newsroom | Baker McKenzie

Baker McKenzie today announced that leading project finance lawyer Matthias Schemuth has joined the Firm’s Singapore office* as a Principal and Asia Pacific Co-Head of Projects in its Finance & Projects practice, alongside Partner Jon Ornolffson in Tokyo.

Matthias joins the Firm from DLA Piper, bringing more than 20 years of experience in the energy and infrastructure sectors across Asia Pacific. He advises sponsors, developers, commercial banks, multilateral lending agencies, and export credit agencies on the structuring and financing of large-scale projects. His practice also spans international banking, structured commodity and trade finance, with a strong focus on emerging markets. Matthias has been consistently recognised by Chambers Asia Pacific and Who’s Who Legal as a leading project finance practitioner.

James Huang, Managing Principal of Baker McKenzie Wong & Leow in Singapore, said: “We are excited to welcome Matthias to our team. His expertise and proven record in managing teams will be invaluable as we expand our regional and global finance offerings for clients.”

Emmanuel Hadjidakis, Asia Pacific Chair of Baker McKenzie’s Banking & Finance Practice, commented: “Asia Pacific is seeing strong momentum in infrastructure development, energy transition investments, and cross-border project financing, much of it centred in Singapore. Having Matthias on board will further enhance our ability to help clients seize opportunities in the region’s evolving energy and infrastructure markets.”

Steven Sieker, Baker McKenzie’s Asia Chief Executive, added: “Matthias’s appointment underscores Baker McKenzie’s continued commitment to investing in exceptional talent across key markets to support our clients in navigating today’s increasingly complex business and regulatory environment.”

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Matthias said: “I’m thrilled to join Baker McKenzie and contribute to its strong growth in Asia Pacific. The Firm’s global reach and local depth provide an unparalleled platform for delivering innovative projects and financing solutions to clients in this dynamic region.”

With more than 2,700 deal practitioners in more than 40 jurisdictions, Baker McKenzie is a transactional powerhouse. The Firm excels in complex, cross-border transactions; over 65% of our deals are multijurisdictional. The teams are a hybrid of ‘local’ and ‘global’, combining money-market sophistication with local excellence. The Firm’s Banking & Finance lawyers are ranked in more jurisdictions than any other firm by Chambers.  

Matthias’s hire continues the expansion of Baker McKenzie’s global team. His joining follows the recent arrivals of Carole Turcotte in Toronto; Tom Oslovar in Palo Alto; Jenny Liu in New York and Palo Alto; Helen Johnson, Mark Thompson, Nick Benson, Kevin Heverin, James Wyatt and Michal Berkner in London; Jan Schubert in Frankfurt; Todd Beauchamp and Charles Weinstein in Washington DC; Dan Ouyang, Winfield Lau, and Ke (Ronnie) Li in Beijing, Shanghai, and Hong Kong; and Alexander Stathopoulos in Singapore.

*Baker McKenzie Wong & Leow is the member firm of Baker McKenzie in Singapore

 

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3 finance stocks to buy on rising 10-year Treasury rates

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3 finance stocks to buy on rising 10-year Treasury rates
The Federal Reserve gave investors an early Christmas present by lowering interest rates by 25 basis points (i.e., 0.25%) marking its third rate cut this year. In the past, a change like this in the “long end” of the interest rate yield curve has triggered a predictable, investable pattern. Typically, this pattern would be bearish for finance stocks, particularly banks—investors would buy bank stocks when rates rose and sell them as rates fell….
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