UK tax service sent 80K warning letters to crypto holders in last financial year
The UK government sent more than 81,000 warning letters in the past financial year to crypto holders it suspects of owing unpaid taxes.
The UK government sent more than 81,000 warning letters in the past financial year to crypto holders it suspects of owing unpaid taxes.
Despite the legal risks, an investor bragged about delaying his tax payments over three years to buy more BTC.
Any US bank or fintech company that receives USDC instead of dollars will need to file timestamped records of every transaction.
A photograph of a tax form fooled thousands of people on social media into thinking the IRS is demanding a list of everyone’s crypto wallets.
Major changes to IRS cost basis reporting requirements for crypto purchases are going into effect on January 1, 2026.