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13 May 2021

UK revenue authority to target cryptocurrency tax evaders

UK revenue authority to target cryptocurrency tax evaders


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Her Majesty's Revenue and Customs, the tax authority of the United Kingdom, will ramp up its efforts to snare cryptocurrency tax evaders in an attempt to uncover what it regards as hidden wealth, says U.K.

Along with explicit demands for information on crypto holdings, the form will also reportedly include sections dedicated to other systems of exchange, including the black market peso used by Mexican and Colombian cartels, along with similar unsanctioned currencies used in Africa, India and China.

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Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

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cointelegraph.com
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