October 2, 2020 Coinbase delivers user data to British tax authority.

Coinbase has turned over user data to to H.M. Revenue & Customs (HMRC), the British tax authority. HMRC confirmed the receipt of this data, which will be used to ensure cryptoasset traders have properly declared any gains. Specifically, the data relates to trader who have had more than five thousand pounds worth of assets deposited into their accounts during the previous fiscal year.