The UK government has announced in its 2025 Autumn Budget that cryptocurrencies will continue to be taxed under the Capital Gains Tax (CGT) framework at rates of 18% and 24%, rather than being subjected to income tax rates of up to 45%. This decision aligns cryptocurrencies with other financial assets like property and shares, reinforcing their legitimacy in the financial sector. The move has been welcomed by industry leaders, including executives from Ripple and Gemini, who see it as a step towards regulatory clarity and stability. The UK Treasury's decision to maintain the CGT framework, while increasing rates from 10% and 20% to 18% and 24%, avoids reclassifying crypto as a gambling product. This approach is expected to enhance the UK's appeal as a competitive hub for cryptocurrency adoption, especially as other European nations consider imposing higher taxes on digital assets.