Ministers are planning to crack down on cryptocurrency speculators who evade tax on their profits.
Under new rules, holders of currencies such as Bitcoin, Ethereum or Dogecoin will face fines of £300 if they fail to provide personal details to crypto service providers they use to make sure they are paying the right amounts to HMRC.
The Government expects the new rules, which are known as the Cryptoasset Reporting Framework and take effect from January, to raise up to £315 million by April 2030.
Any service provider which fails to provide accurate details…
