Questions tagged [uk]

Giulia Sat Mar 30 2024 | 5 answers 914

Excuse me, I am a bit confused about the cryptocurrency tax regulations in the UK. Could you please clarify something for me? I understand that when selling cryptocurrencies, one is required to pay taxes on the profits. However, I am unsure about the exact threshold. How much crypto can I sell before I am obligated to pay taxes in the UK? Is there a specific amount or is it based on some other factors? Could you please provide some clarification on this matter? Thank you very much for your time and assistance.

amelia_harrison_architect Sat Mar 30 2024 | 5 answers 907

Hello, I am a UK citizen and have been investing in cryptocurrencies for some time. I have not sold any of my crypto assets in the UK, but I'm not sure if I need to report them for tax purposes. Could you please advise me on this matter? I'm quite confused about the rules and regulations regarding cryptocurrency in the UK. Thank you very much for your help.

HallyuHeroLegendaryStar Sat Mar 30 2024 | 7 answers 1297

I'm based in the UK and I've been hearing a lot about Bybit recently. It seems like a popular crypto derivatives exchange, but I'm a bit concerned about its legality here. I've done some googling, but the information is quite scattered and conflicting. Can you provide a clear answer: is Bybit legal in the UK? If it is, could you also explain the legal framework or regulations that govern its operations here? And if it's not legal, what are the consequences of using it? I'd appreciate it if you could provide some insights into this matter. Thanks!

Maria Sat Mar 30 2024 | 7 answers 2058

I'm a bit confused about the tax regulations regarding cryptocurrency in the UK. If I don't declare my crypto gains, what are the consequences? Could I face legal action or fines? And how does the government even know if I haven't declared my crypto assets? I've heard that crypto transactions are anonymous, so how do they track it? Also, what's the process if I do need to declare my crypto gains? How do I calculate the value and how do I report it? I'm just trying to get a clear understanding of the whole process. Thanks for your help!

Federico Sat Mar 30 2024 | 6 answers 807

I'm interested in investing in cryptocurrency, but I'm not sure where to start. I've heard that the UK has a thriving crypto market, but I'm not sure what the easiest way to get involved is. Could you recommend a platform or broker that's reliable and user-friendly? Also, are there any specific cryptocurrencies you think are particularly promising for investors at the moment? I'm looking for both long-term and short-term opportunities. Thank you for your help!