Reporting Capital Loss for Tax Purposes (UK)

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1cply5n/reporting_capital_loss_for_tax_purposes_uk/ Hi, I recently sold assets at a loss and want to report this via a HMRC self assessment form, to offset any gains in the next few years. My issue is, the exchange that I purchased these assets on a few years ago no longer exists (Bitforex). Apart from my CoinMarketCap portfolio (which doesn’t […]

QANplatform Launches Testnet After UE Country Adopts Its Tech – Altcoin Buzz

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1cpk04a/qanplatform_launches_testnet_after_ue_country/ Looks like investors/traders were anticipating some added fireworks to go along with this milestone – such as a new exchange or updated partner news, myself included. Those things certainly will still fall into place. The team has generally had a product first mindset, along with making moves to ensure a vibrant ecosystem with mainnet […]

On-chain analysis should be unlawful in the European Union, and this is why

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1cm7pmq/onchain_analysis_should_be_unlawful_in_the/ Under the GDPR (General Data Protection Regulation) indiscriminate web scraping, which involves techniques used to extract data from publicly available information on websites (such as texts, photos, videos, etc) is unlawful. There have been many investigations where authorities fined and stopped those who were scraping in an indiscriminate way. Facebook was actually fined for […]

Crypto Wars chronology (1991 – 2024)

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1clfqrs/crypto_wars_chronology_1991_2024/ This is the history, so far, of the western government's war against encryption and privacy enhancing technologies, which has recently hit Bitcoin as well. 1991 – The US Senate includes in an omnibus decree (Bill 266) the obligation to insert backdoors in cryptographic algorithms to allow access to data by authorities. 1991 – Zimmerman […]

Trust Issues – Take Profits or Not? Thoughts on Bitcoin ETFs and this Bull Run

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1cjyh5w/trust_issues_take_profits_or_not_thoughts_on/ Hello everyone, First of all: I know we can't see the future, I just want to get your opinion on the ETFs and the current sentiment. The longer this bull run lasts, the more I think about selling at least 50%. In mid 2023 I bought BTC and ETH and it has become quite […]

UK income tax for airdrops

via Cryptocurrency News & Discussion https://www.reddit.com/r/CryptoCurrency/comments/1cj6z5y/uk_income_tax_for_airdrops/ Filling out my self assessment for the year and the HMRC guidance seems to suggest that you have to include airdrops as part of your income. Fair enough I thought. Reading further into it though, it claims that income tax on your airdrops are based on 'fair market value of the tokens on the […]