Coinbase UK to Disclose Wave of Cryptocurrency Owners to HMRC

[MRM]

Crypto exchange Coinbase will be passing over details of some of its customers to the UK's tax authority. But it will be fewer than HMRC wanted. Coinbase owners in the UK who have received more than £5,000 ($6,474) in cryptocurrency will have their details passed to the UK's tax authority HMRC, according to an email from Coinbase seen by Decrypt.

The email said that HMRC originally required Coinbase to provide certain records of its UK customers, between 2017 and 2019. However, after discussions with the tax authority, the notice was revised so that it only affects users that meet some minimum requirements.
Source: https://decrypt.co/43716/coinbase-uk-to-disclose-wave-of-cryptocurrency-owners-to-hmrc