Millions of Brits investing in bitcoin and other cryptocurrencies have been cautioned that they could face penalties if they don't declare profits to the tax authority. HMRC issued a fresh warning on social media as crypto markets continued their volatile journey of dramatic surges and plunges, reminding traders that earnings can result in a tax liability. In a post on X, HMRC cautioned: "Any gains count towards your Capital Gains tax -free allowance of £3,000 a year." According to the

Tag-uri: Bitcoin