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The tax authority in the United Kingdom, HM Revenue and Customs, will not accept cryptocurrency as payment any time soon. Lord Michael Bates, a minister of state, addressed the question of digital currency payment in a written response to a question from a member of Parliament, Lord Jonathan Harris. Lord Bates wrote: “HM Revenue and Customs does not offer digital currencies as a payment method and has no current plans to do so.” Profits made on speculation in cryptocurrency “are Read more …