Exclusive: Government oblivious to scale of crypto tax-dodging despite ‘global hub’ plans

Published by
City AM

By Charlie Conchie The government has made no calculations on the amount of dodged tax takings on cryptoassets despite the Treasury’s plans to turn the UK into a hub for crypto, City A.M. has learned. The Treasury under Rishi Sunak unveiled plans in April to turn the UK into a global centre for crypto firms and announced plans to bring so-called stablecoins into regulation. Ministers have since made moves to bring the wider crypto ecosystem within the realm of regulators. However, information obtained via a freedom of information request shows that volatility in the market means the taxman has…

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