The United Kingdom, Her Majesty’s Revenue & Customs has released crypto taxation terms guidance documents on the 1st of November, 2019. The guidance report covers the taxation policies of the crypto-business alongside some record-keeping requisites for purposes extending to auditing. The United Kingdom is tough on following protocols and keeping the Financial Action Task Force (FATF) and the G7 happy. Crypto taxation terms in the UK defined Her Majesty’s Revenue and Customs has stated that these corporations must keep records of all exchanges and transitions they initiate in pounds sterling. This practice would be irrespective of whether the trade is
