The UK has now implemented measures to control the undeclared income from crypto assets. The newly implemented reporting obligations will ensure non-anonymity for crypto asset holders and provide tax authorities with certainty in international transactions. Crypto Tax Reporting Tightens as UK Begins CrackDown As reported by the Financial Times, new regulations have come into force

The post Breaking: UK Begins New Initiative to Crack Down on Crypto Tax Evasion appeared first on CoinGape.

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