Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust The government could face "limitless" losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned. A growing number of companies, including the ethical cosmetics firm Lush and office-sharing firm WeWork, have begun taking payments for goods and services in cryptocurrencies such as bitcoin, alongside debt, credit or cash.
Cryptocurrencies could lead to 'limitless' losses for UK government
The Guardian - 25 Jul 2021 15:32
Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust The government could face "limitless" losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned. A growing number of companies, including the ethical cosmetics firm Lush and office-sharing firm WeWork, have begun taking payments for goods and services in cryptocurrencies such as bitcoin, alongside debt, credit or cash.
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