Depending on how much profit has been made would they have to pay Capital Gains Tax too?
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£12300 allowance then 10% up to higher tax band …wonder how much the chancellor is missing out on in UK
Ahh so it’s anything that takes you above your allowance. I don’t know how HMRC view crypto, I just recall them seeing it as more of an asset rather than currency if I remember correctly?
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Easily smashed if someone is selling bitcoins they bought years ago. Sadly I’m not one of the lucky sones - quite the opposite, I’ve spent years saying bitcoin is a mad bubble built on nothing and it will inevitably burst 
Maybe one day I’ll end up being right? 
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This I suspect will come as a surprise to a lot of private crypto traders
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That’s what I was wondering. Especially in this case where the OP was is buying and selling with “so many transactions”.
Hopefully they’re aware of this and don’t wake up one day to a huge tax bill from the HMRC.
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This thread is weird because instead of marking the post as resolved the OP has removed the original query so now I can only guess what went on from other peoples quotes.
Basically he bought and sold crypto daily for which was his business and his account got blocked
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Contul meu este blocat da Nu stiu ce va rog frumos ajutatima sa al deblokez
Va rog ajutatima sa imi deblochez cardul va rog frumos
I’m just going to quote these two posts and leave no further comment…
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Contact Monzo.
Pretty much a long winded version of what @Benji123 said.
Their original post had the website, username and some other bits of personal details that they’re likely now trying to cover up after learning that what they’re doing is a bit shady.
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