British Tax Authority Seeks Data from Crypto Exchanges in Search of Tax Evaders

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HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said.Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase, eToro and CEX.IO – in the last week or so, the sources said. None of the three firms would comment by press time.“HMRC is looking to work with exchanges when it comes to finding information on people who have been buying and selling crypto. I think they will only go back a couple of years, two or three years,” said one industry insider.The source pointed out that it would be very difficult to provide ten years’ worth of information for any platform, adding:In response to a Freedom of Information (FOI) Request submitted by CoinDesk, HMRC said…

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