Is it Possible to Inherit Cryptocurrency? The National Law Review Breaksdown Bitcoin Beneficiaries

2019-5-6 18:45

The National Law Review featured an article on whether cryptocurrency can be inherited. According to the article, HM Revenue & Customs (HMRC) recently released guidance for those in possession of cryptocurrency, a digital asset.

Although HMRC does not classify cryptocurrency as “money” or “currency,” it does liken it to investments. As a result, it is […].

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U.K.’s Tax Authority Releases Taxation Guidelines for Local Cryptocurrency Holders

Her Majesty’s Revenue and Customs (HMRC), a non-ministerial department of the British government in charge of the collection of taxes, has published a paper highlighting the various types of fees applicable to blockchain-based virtual currencies and how cryptocurrency traders should handle their cryptos, according to a report released December 20, 2018, by the agency.

2018-12-23 03:00