Emily Coltman, chief accountant to FreeAgent, said: "I would urge anyone who has made money from [cryptocurrencies] to contact HMRC directly to check whether they need to include such information in their self-assessment tax returns or in a different capacity."
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To learn more about the tax treatment of cryptocurrency, as well as the risks and the rewards involved, FTAdviser has published a guide to Bitcoin and blockchain, which qualifies for approximately 60 minutes' worth of CPD. To read the full guide and claim your CPD, click here.
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