UK HMRC Orders Crypto Exchanges to Share User Data to Recover £300 Million in Taxes
- Tax Recovery Measures: The UK HMRC has mandated cryptocurrency exchanges to share user data to recover an estimated £300 million in taxes, with the new regulations effective from January 1, 2026, aimed at enhancing tax oversight in the crypto sector.
- User Information Requirements: The new rules require users to provide personal details such as names, birth dates, tax identification numbers, and addresses to ensure HMRC can link users' crypto accounts to their tax records, thereby improving tax compliance.
- Capital Gains Tax Regulation: HMRC aims to reduce the likelihood of investors evading capital gains tax, particularly targeting those who buy low and sell high, with expectations of generating additional tax revenue for the government.
- Tax Exemption Policy: The current capital gains tax exemption threshold stands at £3,000, meaning users do not need to pay taxes if total gains do not exceed this amount, and they can offset losses within four years to reduce their tax burden, further encouraging compliant investment.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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