Tag: Cryptocurrency Taxation

UK Tax Authority: Cryptocurrencies Are Not Money
Blockchain, Business

UK Tax Authority: Cryptocurrencies Are Not Money

The United Kingdom’s (UK) tax, payments, and customs agency — Her Majesty’s Revenue and Customs (HMRC)— has updated its stance on digital asset taxation. Notably, cryptocurrencies will not be taxed as money, though certain taxes will still apply on a case-by-case basis. Crypto Taxes in the UK Explained HMRC has released a digital asset tax…