Reportedly, Crypto exchanges in the UK will now have to pay a 2% digital services tax. This is because Britain’s tax authority, HMRC, does not recognize digital assets as financial instruments, and therefore, exchanges are not eligible for financial exemptions. Since January, all UK-based Crypto firms have had to comply with AML (anti-money laundering) regulations and register with FCA. In addition, the regulator had imposed a ban on Crypto derivatives in January