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."

https://www.coindesk.com/policy/202...implementing-oecd-crypto-reporting-framework/

 

[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]

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]

yes