Britain’s Tax Agency Wants Details About Crypto Traders

British tax authorities may be cracking the whip on crypto investors. In a move that mirrors that of their counterpart across the pond, Her Majesty’s Revenue and Customs, the official agency responsible for tax collection, has asked crypto exchanges operating in the UK to provide it with customer details to find tax evaders. Some of… Read More Britain’s Tax Agency Wants Details About Crypto Traders

IRS Sends Out Letters to Cryptocurrency Holders

Holders of cryptocurrencies have begun receiving letters from the IRS about possible tax violations, according to a WSJ report. The agency has sent the letters out to 10,000 people, the report states. “Taxpayers should take these letters very seriously. The IRS is expanding efforts involving virtual currency, including increased use of data analytics,” IRS Commissioner… Read More IRS Sends Out Letters to Cryptocurrency Holders