Britain’s crypto exchanges to be levied with a 2% tax

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Britain’s crypto exchanges to be levied with a 2% tax

  • A recent update to Her Majesty’s Revenue and Customs regulations has introduced a digital services tax that will be levied on cryptocurrency exchanges operating in the United Kingdom.
  • Crypto exchanges in the UK will now have to pay a 2% digital services tax according to a Telegraph report.
  • Britain’s tax authorities reportedly demanded that several crypto-asset exchanges hand over details on customers from transactions and holdings in August 2019.

[Via]

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