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29 September, 2024

Billionaire Bitcoiner Exits UK for Swiss Bitcoin City, Citing Tax Woes

29 September, 2024

In a bold move, renowned Bitcoiner Christian Angermayer has denounced the UK’s proposed tax policy for non-domiciled individuals, labeling it a \”huge mistake\” and a potential threat to the nation’s economic future. Angermayer, known for his substantial investments in Bitcoin and other cryptocurrencies, has chosen to relocate to a Swiss Bitcoin city, citing the UK’s tax system as a primary motivator for his departure. He has publicly condemned the proposed policy, arguing that it would be \”a bigger act of national self-harm than Brexit.\” This dramatic decision highlights the growing concerns among high-net-worth individuals about the potential impact of changing tax regulations on their financial well-being and investment strategies. The future of the UK’s tax landscape, particularly for non-domiciled residents, remains uncertain, raising questions about the potential consequences for the country’s economic competitiveness and attractiveness to international investors.