UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data
The UK tax authority recorded 240 people who each declared over £1 million ($1.35 million) in cryptoasset gains in the 2024 to 2025 tax year. It is the first breakdown of its kind. HM Revenue and Customs (HMRC) released the numbers in its yearly Capital Gains Tax (CGT) publication. Where the Crypto Gains Were Concentrated The post UK Tax Authority Counts 240 Crypto Millionaires in First Official Tax Data appeared first on BeInCrypto.
Read Full Article on BeInCryptoSummary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
BTC Rejects $81,500 as Whales Build Massive Sell Wall at $81K
Bitcoin briefly rallied to $81,500 before pulling back below $79,300, failing to hold the critical $80,000 support level for the second time in a week. Bitcoin Loses Steam Ahead of Fed Chair Speech Bitcoin lost momentum soon after breaching $81,000, as…
Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push
Ripple is moving to shrink the XRP Ledger’s (XRPL) attack surface as it prepares to expand native lending. The company has recommended removing more than 10,000 lines of unused XChainBridge code while Lending Protocol V1.1 undergoes an AI-only security review…
Fed Chair Warsh Calls AI a 'Hinge Point in History'—4 Key Things He Said
Fed Chair Warsh devoted a full section of his speech today at Jackson Hole to AI's weight on the economy. Here are the biggest takeaways.