Crypto EcoBlog
The U.K’s taxman clamps down on tax evasion and money laundering. HMRC offers $130,000 for anyone who can trace BTC, ETH, and an array of privacy coins. Will the UK become the next crypto hub? The U.K.’s taxman is looking to crack down on private transactions. HM Revenue and Customs (HMRC), the tax authority for the U.K., has granted a bounty of $130,000 (£100,000) for anyone that can effectively track and identify crypto criminals. But what does this mean for privacy...
Read More »Brexit-Vorbereitung? UK Government mit neuem Bitcoin-Leitfaden!
London wird Digital: Das britische Finanzamt bietet seinen Bürgern und Gewerbetreibenden einen bequemen und übersichtlichen Webaccess zu seinen (Steuer)Daten. Dabei sind auch Richtlinien und Leitfäden. Nun aktualisieren die Briten den Leitfaden zu Bitcoin. Mit dem Brexit scheidet das Vereinigte Königreich am 31. Januar 2020 aus der Europäischen Union aus. Das ist allerdings...
Read More »What You Need to Know About the Queen’s Crypto Tax Update
The UK’s tax authority has updated its tax policy for crypto assets. Expect huge administrative headaches as all crypto transactions need to be converted into £ and recorded. The authority reiterates that Bitcoin is not money. Her Majesty’s Revenue and Customs (HRMC) on Friday updated its tax policy related to cryptocurrency in the UK. Here’s what you need to know to stay compliant with the British taxman. The HRMC’s statement on Cryptoassets: tax for businesses only provided...
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