Coinbase Reportedly Warns Some UK Users It’s Handing Their Details to the Taxman
U.K. users of the exchange who have received £5,000 or more in the past tax year will have their information passed to the tax authority.
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Leading U.S. crypto exchange Coinbase has reportedly notified certain Russian customers that their accounts may be blocked at the end of this month. According to Russian media, the trading platform has offered them to withdraw their funds unless they prove they are not under sanctions.
Coinbase Reportedly Asks Russian Clients to Withdraw Funds
Some Coinbase users from Russia have received letters informing them that their accounts will be blocked on May 31, the crypto page of the Russian business news portal RBC reported. The company suggested that these customers withdraw their....
Coinbase is under scrutiny after confirming a security breach that exposed personal information of some of its users. The crypto exchange said fewer than 1% of its monthly transacting users were affected. Still, that small slice could mean thousands of people. According to reports, the attack could end up costing Coinbase as much as $400 […]
Coinbase is handing over customer data to the British tax authority, Her Majesty’s Revenue & Customs (HMRC). The measure affects customers with a U.K. address who received more than £5,000 ($6,450) worth of cryptocurrency during the 2019/20 tax year. On Oct. 2, Coinbase sent an email to its U.K. users advising them that it will share their account information with the HMRC. The exchange said the tax agency originally asked for records relating to all UK customers dating back to 2017, but it later worked out a plan that resulted in “a revised notice with reduced....
MicroStrategy CEO Michael Saylor is singing the praises of Bitcoin once more. This time, Saylor talks approvingly of its convenience, as well as its capacity to keep all parties honest. But above all, in a recent interview, he said no-one can take it from you. Not even the taxman. “You can tell everyone to go […]
Welcome to the CoinDesk Weekly Review 21st March 2014 - a regular look at the hottest, most thought-provoking and most controversial events in the world of digital currency through the eyes of scepticism and wonder. Your host ... John Law. No accounting for the taxman. UK readers may have been too busy drinking beer and playing bingo with their pensions to notice, but this week's Budget statement had one little snippet tucked away that may do more to promote bitcoin than if Newsweek revealed Satoshi Nakamoto was really Stephen Fry in a kimono. In the future, muttered Chancellor George....