{crypto exchange guide}
joined sep 2019
share {crypto exchange guide} and generate bitcoin with reference codes.
85 topics on {crypto exchange guide}
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Gouldy
by  Gouldy
Buying Bitcoins
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Favoured Reviews Format:
+3
MightyRux
by  MightyRux
Crypto Asset Reporting Framework
This comes into operation from 1/1/2026 and so you'll be required to provide a NI number in the UK (so you can be grassed up to HMRC) from tomorrow, and possibly more information than this related to you for tax purposes.

Is it time for an immediate massive purchase, if you have the funds? If I do this today, I guarantee that's when BTC tanks to $40k within the timeframe I manage to sort out custom orders...

Think it's definitely time for a new wallet that hasn't had a lot pumped through it in nearly 18 months before these regulations kick in though, surely? Wallet recommendations other than Exodus gratefully received.
+3
Jayboy
Hi MightyRux 👍yes ive had an email from my crypto exchange ( bittylicous) stating that more information will be required ie NI number. 🤨 from tomorrow 1/1/26. Which puts a doubt in my mind for future purchases on here. It obviously effects everybody on here. Theres no way round the issue. So as you mentioned. Today could be my last buy on here until I know what the outcome will be. Dont fancy getting stung by HMRC for tax and unwanted correspondence to my address. Little biggy. Please, Its time to implement another safer payment method going forward into 2026. Happy New year to all on LB 😉👍
+2
MightyRux
I must have missed the email, but I checked them earlier and it's a banner at the top of the page.

I usually lose money on most purchases though, despite keenly observation fluctuations, but anyway I'm obviously sending money multiple times a month for years to this girl in Thailand that needs money for an operation for her mother, but she only accepts BTC... Plausible, right? She's definitely coming over, when her mother's okay.

It's appreciation of the value that they want a cut of, so if you don't have to fill in a Self Assessment form, and there's no profit beyond £1k/year, you should be fine. Unless they apply some AI and it traces us all, and all previous transactions we've made prior to the reporting date...
+2
Jayboy
Yes regarding previous purchases over the last 6 years on here ( myself). Certainly puts a doubt in my mind. Whos to say. We all dont get a huge tax bill since day 1. Once they have your National insurance number. Its definitely a huge concern. That shouldn't be ignored.
There's more to this than meets the eye 👁️. After some research regarding this knew implementing information Needed, from tomorrow. Buyers please be aware of what it could
Mean for us all. Once you give tax related personal information to trading platforms 🤔🤨
+2
MightyRux
Not aware of the disguised employment/IR35 issue, are you?

People commited suicide over tax bills retrospectively given when they argued they were given professional advice. Ignorance of the law is never an excuse. Remember that. Conned online, some hopeful compassion.

What were those sites where I rock up to a café, we'd have excellent coffee and a jacket potato with grated cheese, and I just wait to slip the cash under the table until it arrives in my account...? Obviously café in the vicinity is a necessity.
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