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   114

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.

China to Finance Hacker Attacks on Exchanges, - FireEye

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period
08 August 2019   247

The hacker group APT41 attacks companies in the areas of healthcare, telecommunications, fintech, media, and cryptocurrency exchanges. This activity is funded by the Chinese government, according to analysts of cybersecurity company FireEye.

Experts believe that the victims of APT41 are industry participants, the development of which is a priority in the current Chinese five-year period.

Industries Targeted by APT41
Industries Targeted by APT41

At the same time, APT41 pursues its own goals, extracting financial benefits from attacks, which is unusual for other groups under the Chinese government, according to FireEye.

APT41 is known to include at least two people with the pseudonyms Chzan Xuiguan and Wolfji. The group probably has connections with other hacker organizations like BARIUM and Winnti.

FireEye also evaluated at what time of the day the APT41 attacked the gaming industry (its core target) and businesses from other areas. It turned out that this was happening outside the framework of a standard working day - probably these people, among other things, have the main job.

APT41 Operational Times
APT41 Operational Times

According to the UN Security Council, hackers under the DPRK government stole about $ 2 billion from banking institutions and cryptocurrency exchanges.