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UK Cracks Down on Crypto Tax Evasion: New Rules to Squeeze Billions from Digital Assets
UK Cracks Down on Crypto Tax Evasion: New Rules to Squeeze Billions from Digital Assets
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The UK Treasury just fired a warning shot across the bow of crypto traders—your tax-free days are over.
HMRC's new compliance blitz targets decentralized finance (DeFi) gains, NFT flips, and even meme coin traders. No wallet left unturned.
How they'll track it? Blockchain analytics firms are already licking their chops at lucrative government contracts. Nothing inspires innovation like bureaucrats chasing revenue.
One silver lining? At least they're not banning crypto outright—just treating it like every other asset class. Progress?
Final thought: When the state needs to plug budget holes, even Satoshi's creation gets co-opted into the system. So much for 'be your own bank.'
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