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- Moonday Mornings: Bitcoin isn’t money, says UK tax authority
Posted by : Brij Bhushan
Monday 4 November 2019
Welcome to the first Moonday Morning of November. If you don’t know what that means, where have you been? But seriously, it’s Hard Fork’s wrap-up of this weekend’s cryptocurrency and blockchain news that you can’t afford to miss. Let’s take a look. 1. Late last week, the UK‘s tax office, Her Majesty’s Revenue and Customs (HMRC), issued an update to its guidelines for how businesses and individuals should pay tax on their cryptocurrency. Bear in mind these guidelines relate only to what HMRC refers to as “exchange tokens,” which include Bitcoin. Guidance on security and utility tokens is coming at a later date. The TL;DR?…
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