Breaking : Crypto rule change regarding reporting mentioned in the Finance Bill

Crypto rule change regarding reporting mentioned in the Finance Bill.  Reporting entities (Exchanges & Platforms) will need to provide details about transactions involving crypto-assets. This could include: ▶️Who is involved in the transaction (e.g., buyer, seller).▶️The amount and type of crypto-asset traded.▶️The date and time of the transaction.▶️The transaction’s value in fiat currency for tax […]

Crypto rule change regarding reporting mentioned in the Finance Bill. 

Reporting entities (Exchanges & Platforms) will need to provide details about transactions involving crypto-assets.

This could include:

▶️Who is involved in the transaction (e.g., buyer, seller).
▶️The amount and type of crypto-asset traded.
▶️The date and time of the transaction.
▶️The transaction’s value in fiat currency for tax purposes.

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