Bitcoin investors face tax crackdown from HMRC

Pedro Gonçalves
clock • 2 min read

HM Revenue & Customs is pressuring cryptocurrency exchanges to reveal customers' names and transaction histories, in a bid to claw back unpaid taxes. The UK's tax office has sent letters over the last week to at least three exchanges- Coinbase, eToro, and CEX.IO - to inform the regulator about users' transactions in order to identify tax evasion, specialised outlet Coindesk reports. The US-based Coinbase has previously handed over the customer database to the US authorities last year under a federal court order. One industry insider, speaking to Coindesk said: "HMRC is looking to work...

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