Cryptoassets: Examining HMRC’s Manual

Cleary Gottlieb partner Richard Sultman and associate Laura Mullarkey co-authored, “Cryptoassets: Examining HMRC’s Manual,” for Tax Journal.

The article examines the HMRC Cryptoassets Manual, which includes “significant new developments, including a broadening of the categories of cryptoassets covered, analysis of crypto-derivatives, and consideration of the tax consequences of ‘validating’ and ‘staking’ in ‘proof of stake’ networks.”

The article is available on the Tax Journal website here (subscription required).