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.
“Forced.”
Yeah, paying tax is not optional.
Only if they are foolish enough to use “crypto” that’s actually traceable and clearnet centralized exchanges.
For the rest, there’s Haveno
Enjoy the tax fraud.
I mean, tax fraud is very enjoyable, yes.
One has exactly the same choice as with speech. In fact they are the same choice on the Internet.
Either there is monitoring or there is encryption. Both come with real benefits and costs.
One is a human right, the other is defrauding the people and should be a capital offense.
A capital offense?
That’s insane. Maybe if you’re a politician or someone supposed to be being in charge of shit but they actually get encouragement for it and face zero consequences.
A dude in us government took a 50 thousand dollar bribe and you think Joe Blow not telling the IRS about 10K should be put to death?
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
