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⚖️ Taxman's New Target: HMRC Might be Coming for Your Bitcoin Next!

Looks like HMRC's getting their hands dirty, and they're gunning for Bitcoin this time. They're mulling over new rules that would let them snatch Bitcoin from anyone who's been a little too creative with their taxes. Apparently, the powers that be think it's time to drag tax collection kicking and screaming into the digital age. Right now, they can grab cash straight from your bank account if you've been not paying your taxes. The big question? Whether they're planning to extend these sticky fingers to your online Bitcoin wallets too.

They're playing coy about whether this grand scheme includes seizing Bitcoin from centralized online exchanges like Coinbase, Binance, and Kraken. But let's face it, they already have the power to seize funds from these wallets if they smell anything fishy. Bitcoin was sold as a ticket to financial freedom, away from the government's prying eyes. But surprise, surprise, the government didn't like that. So here they are, set on granting HMRC the power to pickpocket digital wallets. But the mystery remains: will custodial Bitcoin wallets be on their hit list? Stay tuned, folks.

Source: Bitcoin News

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