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26 July 2021

UK Tax Authority HMRC Gathering Customer Data From Overseas - Decrypt

UK Tax Authority HMRC Gathering Customer Data From Overseas - Decrypt


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The UK tax authority, Her Majesty’s Revenue and Customs (HMRC,) is gathering customer data from cryptocurrency exchanges both at home and overseas, according to data obtained by London law firm Gherson Solicitorsunder the Freedom of Information Act. .

However, according to Gherson Solicitors, the authority has also requested data from tax authorities overseas, as it is mandated to do under international law. .

HMRC is also gathering information about the frequency of transactions and the value of clients’ crypto holdings, Gherson Solicitors said. 

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