CryptoChieftainGuard
Sat Mar 30 2024
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6 answers
1249
Does Revolut crypto report to HMRC?
Good afternoon, I have a question regarding Revolut's crypto reporting practices. I understand that as a leading financial institution, Revolut offers its customers the ability to trade in cryptocurrencies. However, I'm concerned about the tax implications of these transactions. Does Revolut report any crypto-related transactions to HMRC, the UK's tax authority? If so, what information is typically included in these reports? Additionally, are there any specific tax guidelines or regulations that Revolut follows when dealing with crypto transactions? Thank you for your time and assistance.
alexander_rose_writer
Sat Mar 30 2024
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6 answers
1477
Why did Binance get banned in the UK?
I'm somewhat puzzled as to why Binance, one of the largest and most popular cryptocurrency exchanges, was banned in the UK. Could you provide some insight into the reasons behind this decision? Was it due to regulatory issues, security concerns, or perhaps something else? I'm interested in understanding the specific factors that led to this ban and how it might affect the cryptocurrency community in the UK and beyond.
EnchantedSky
Sat Mar 30 2024
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5 answers
1274
What is the risk warning on Binance withdrawal?
I am considering withdrawing my funds from Binance, but I am concerned about the potential risks involved. Could you please elaborate on the risk warning for Binance withdrawals? I would like to know what are the common issues or problems that I should be aware of before proceeding with the withdrawal? Also, are there any specific measures that I should take to ensure the safety of my funds during the withdrawal process? Thank you for your help in addressing my concerns.
Riccardo
Sat Mar 30 2024
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7 answers
1739
Why can't Americans use Bybit?
I'm somewhat perplexed. I've noticed that many cryptocurrency platforms, including Bybit, are not available in the United States. I'm curious, what is the root cause of this restriction? Is it a matter of regulation, or is it due to some other factor? I'm an American investor interested in cryptocurrency, and I find it frustrating that I'm unable to access certain platforms. Could you please enlighten me on this matter?
Silvia
Sat Mar 30 2024
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5 answers
905
How much can you make on crypto before paying tax UK?
Good day, I am quite new to the world of cryptocurrency and am interested in understanding the tax implications. I understand that crypto transactions are taxable in the UK, but I'm not quite sure how the system works. Could you please enlighten me on how much profit I can make from crypto before I have to pay taxes? Also, could you explain the specific tax rules and regulations regarding cryptocurrency in the UK? Thank you for your time and assistance.
