HMRC’s New Campaign: A Closer Look at Crypto Tax Compliance

By Graham | December 9, 2023

A stack of gold coins on a table next to a bitcoin chart, highlighting Crypto Tax Compliance.

Introduction The phenomenal growth of cryptocurrencies has brought with it a plethora of challenges, particularly in the realm of taxation. Her Majesty’s Revenue and Customs (HMRC), has recognised the need to address this issue proactively, implementing a series of initiatives to enhance tax compliance in the crypto realm. HMRC’s New Initiatives: A Path to Tax…

Stricter Crypto Regulation and Reporting Requirements

By Graham | April 30, 2023

The Government is contemplating significant changes to how crypto assets are regulated following a series of market disruptions, including the collapse of FTX, one of the world’s largest crypto exchanges. The Treasury is currently consulting on the best approach to regulate a wide range of crypto asset activities, intending to provide more safeguards, operational risk…