UK Leading OECD Crypto Reporting Efforts

[wellington]

Probably cost 1 billion to raise 95m$ lol

"The Treasury, the government's finance arm, projected in its budget that implementing the crypto reporting framework could draw in £35 million ($45 million) between 2026 and 2027 and £95 million between 2027 and 2028."

UK Launches Consultation on Implementing OECD Crypto Reporting Framework

The U.K. government believes implementing the reporting framework could draw in £35 million ($45 million) starting from 2026.

www.coindesk.com

 

[JohnLocke]

It's part of the whole reporting system worldwide, and for them, 1 billion is small change. In the long run, 10 - 15 years, they will earn it all back again, if nothing else, then through the confiscation of people's property.

 

[jafo]

they will earn it all back again, if nothing else, then through the confiscation of people's property.

When you say "they", do you mean
(1) Politicians
(2) Public Servants
(3) Both 1 & 2
(4) Something else?

I'm trying to get a clear picture of this.

 

[TheCryptoAnt]

When you say "they", do you mean
(1) Politicians
(2) Public Servants
(3) Both 1 & 2
(4) Something else?

I'm trying to get a clear picture of this.

yes