Talked with a UK-based crypto accountant recently, and the numbers are wild. Turns out roughly 80% of crypto holders aren't tax compliant. Here's the kicker: exchanges are already sharing your transaction data with tax authorities. Get caught? Penalties can slam you with fines equal to 100% of what you owe. If you're trading BTC, ETH, or anything else, ignoring tax obligations isn't just risky anymore—it's expensive.
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MagicBean
· 12-09 23:00
80% of people are non-compliant? That number seems a bit exaggerated to me, but the fact that exchanges are really sharing data is definitely something to pay attention to.
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RektHunter
· 12-09 22:57
80% non-compliance? Ha, that number hurts just to look at. Sooner or later, it’ll have to be paid back.
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rekt_but_not_broke
· 12-09 22:56
80% of people haven't paid taxes? So am I one of the lucky 20%, or... never mind, don't ask.
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PretendingSerious
· 12-09 22:47
80% of people are not compliant? I think this data makes me question reality... Shouldn't it have been submitted a long time ago?
Talked with a UK-based crypto accountant recently, and the numbers are wild. Turns out roughly 80% of crypto holders aren't tax compliant. Here's the kicker: exchanges are already sharing your transaction data with tax authorities. Get caught? Penalties can slam you with fines equal to 100% of what you owe. If you're trading BTC, ETH, or anything else, ignoring tax obligations isn't just risky anymore—it's expensive.