So I wanted to open a discussion up about BBL’s, loans paid out in Fiat currency and backed in Bitcoin, allowing you to release purchasing power from your stack without actually selling.
This seems to be becoming more popular overtime as people look to avoid large capital gains tax bills from the taxable event of selling bitcoin.
We have seen many companies such as BlockFi and Celsius offer these products, however there seems to be a real lack of these products available to UK customers and virtually none that will provide funds in GBP.
Has anyone else from the UK looked into this at all? I imagine there’s many more people like me that want to diversify, put a deposit down on a home or other and don’t want to sell the stack.
What plans do UK hodlers have?
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