TaxOnCrypto

UK Cracks Down on Crypto – HMRC’s New Rules Incoming

Attention UK crypto holders! 🚨 Starting January 1, 2026, HMRC will require all exchanges to collect and share personal data — including your name, address, and tax ID — on all crypto transactions.

This aligns with the OECD’s Crypto-Asset Reporting Framework (CARF) and aims to close tax loopholes and tighten compliance. If you're trading $BTC or flipping $ETH , get ready — this isn't business as usual.

💬 Whether you’re a casual trader or a serious investor, it’s time to review your reporting and stay tax-smart. Ignoring these changes could mean penalties, audits, or worse.

The UK is joining a global wave of regulation that may bring more legitimacy to crypto — but also more paperwork for users. 👀

🧠 What to Do?
• Review your tax records
• Track all transactions
• Stay informed on exchange compliance

#CryptoUK
#HMRCUpdate
#TaxOnCrypto
#BinanceCompliance

$BTC

$ETH

🚨 India’s Crypto Taxes Squeeze Trader Profits 🚨

India’s 30% tax on crypto gains and 1% TDS on transactions over ₹10,000, effective since 2022, cut deeply into traders’ profits. No deductions or loss offsets are allowed, pushing traders toward tax-efficient futures trading. XRP and meme coins like PEPE drive gains, but taxes reduce net earnings. For example, a ₹10,000 profit yields ~₹6,900 after tax and TDS. Regulatory uncertainty, with the Supreme Court comparing Bitcoin to “Hawala,” adds challenges. Traders with $2.72 can buy ~2.7 USDT or ~150,000 SHIB on Binance, but taxes remain a hurdle

Source: The Hindu
#India #TaxOnCrypto #bitcoin