People buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January.

The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax.

HMRC will begin automatically collecting information on all users of cryptocurrency exchanges - which are effectively the industry’s banks - in a bid to start collecting tens of millions in unpaid tax.

The change comes as the financial watchdog continues its consultation on tougher regulation for the industry, including measures to stop insider trading.

  • Skankhunt420@sh.itjust.works
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    20 days ago

    Monero is awesome but idk about Haveno its weird that you have to download and install it when bisq worked perfectly well enough.

    Also it isn’t untraceable once you give your cashapp or zelle or whatever it is to receive the money. Even money in the mail is easily traced, you have to pick it up somehow.

    If they want you, they will get you.

    But yes Monero is awesome I just don’t like Haveno