Tax ‘nudge’ letters to be sent to crypto investors

Tax ‘nudge’ letters to be sent to crypto investors

HM Revenue & Customs plans to send crypto investors nudge letters warning them to check they have the paid the right tax.News of the letters, which have yet to be issued, was released by CryptoUK, a trade association, on Wednesday, accountants reported.HMRC told CryptoUK it was taking an “educational approach” in issuing the letters. It … Read more

Experts fret for investors as celebrities like Kardashian, Musk tout crypto

Experts fret for investors as celebrities like Kardashian, Musk tout crypto

“This part of the enthusiasm, this star power exuberance, exacerbates an otherwise spontaneous social phenomenon,” Cunningham said in an interview. “I understand it. I do think we’d all benefit from a little self-regulation.”Some celebrities have experience in crypto, but many don’t, Cunningham said. Education is key, said Cleve Mesidor, public policy adviser at the Blockchain Association.Cryptocurrencies … Read more

Letter: Crypto tax treatment is a concern for all investors

Letter: Crypto tax treatment is a concern for all investors

You report (October 16) that the US Internal Revenue Service, HM Revenue & Customs in the UK and the US Securities and Exchange Commission have intensified scrutiny of individual cryptocurrency holdings. But individual investors are only part of the picture — institutional investors and corporations also have significant crypto exposure now.Tax and regulatory authorities are … Read more

Many mutual fund investors charmed by crypto currencies, trading

Many mutual fund investors charmed by crypto currencies, trading

Crypto currency and day trading have caught the fancy of several mutual fund investors, especially youngsters, say financial planners and mutual fund advisors. According to these advisors and planners, many investors are likely to lose their hard-earned money if they bet heavily on these ‘so-called’ investment options that they believe can make people rich overnight. … Read more