UK Tax Authorities to Request Traders Personal Data

The agency is interested in data for the last two to three years and the agency has the full right to demand such data from bitcoin exchanges
07 August 2019   467

The UK tax office (HMRC) has demanded that cryptocurrency exchanges provide usernames and a history of their transactions. Coinbase, eToro, and CEX.IO received relevant letters, CoinDesk reports citing informed sources.

So, according to sources, the agency is interested in data for the last two to three years. If the rumors are confirmed, this will not affect those who acquired Bitcoin in 2012-2013.

The service has not yet confirmed the information, but said that the agency has the full right to demand such data from bitcoin exchanges, since cryptocurrency operations can be taxed.

Earlier it became known that the US Internal Revenue Service (IRS) sends letters to cryptocurrency investors with a request to report on income from operations with cryptocurrency.

It is believed that in the near future, the IRS will introduce a new cryptocurrency guide.

In late July, the Office of Financial Regulation and Supervision of the United Kingdom (FCA) published the final version of the guide to cryptocurrency assets, indicating which of them fall under its jurisdiction.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."