Can HMRC Track Your Crypto? You Might Be Surprised!

1. HMRC has a data sharing program with all UK exchanges.
2. HMRC has transaction data from as far back as 2014.
3. HMRC has access to the KYC information you provided to exchanges or wallets.
4. HMRC has been working with large crypto exchanges to share customer information.
5. HMRC uses this information to send reminders to report crypto and pay taxes.
6. Coinbase began contacting customers with more than £3,000 in crypto in January 2022 to inform them of information sharing with HMRC.

How do you feel about HMRC tracking your crypto transactions? Let us know in the comments!