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Crypto News Review: Buying and selling cryptocurrency? You could be facing a hefty tax bill


As the interest in cryptocurrencies is still growing, tax officials recently reminded that investment in bitcoin and other cryptocurrencies are liable for gain taxes. According to the Cambridge Centre for Alternative Finance at Cambridge Judge Business School, estimates there are “as many as 11.5 million cryptocurrency wallets being used globally and the UK has the most exchanges, at 18 per cent, with the the U.S. in second on 12 per cent.”

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