UK to fine cryptocurrency users for unpaid taxes
The British government on Wednesday urged cryptocurrency users to voluntarily disclose any unpaid capital gains or income tax to avoid penalties, and released guidelines on how to pay these taxes. Tax disclosures should reflect capital gains or income from transaction tokens such as Bitcoin (BTC), non-fungible tokens (NFTs), and utility tokens.
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Share link:In this post: Hackers targeted major Australian superannuation funds, stealing $500,000 from a few accounts and exposing personal data. Authorities and financial institutions are responding to the breach, urging members to check accounts and update passwords. Credential stuffing using stolen passwords is suspected in the attacks, prompting warnings to use unique logins and enable multifactor authentication.
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