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

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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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