{"id":2287,"date":"2021-07-25T14:37:13","date_gmt":"2021-07-25T12:37:13","guid":{"rendered":"https:\/\/costops.com\/index.php\/2021\/07\/25\/cryptocurrencies-could-lead-to-limitless-losses-for-uk-government\/"},"modified":"2021-07-25T14:37:13","modified_gmt":"2021-07-25T12:37:13","slug":"cryptocurrencies-could-lead-to-limitless-losses-for-uk-government","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2021\/07\/25\/cryptocurrencies-could-lead-to-limitless-losses-for-uk-government\/","title":{"rendered":"Cryptocurrencies could lead to \u2018limitless\u2019 losses for UK government"},"content":{"rendered":"<p>Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust<\/p>\n<p>The government could face \u201climitless\u201d losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned.<\/p>\n<p>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.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2021\/jul\/25\/cryptocurrencies-could-lead-to-limitless-losses-for-uk-government\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/be86c9bfcd6d2f0c0e31809a4d95d069e7be8382\/0_154_3500_2101\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=bcddf665ae0d4fae206b3d4f29b26988\" title=\"Cryptocurrencies could lead to \u2018limitless\u2019 losses for UK government\" \/>Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust<br \/>\nThe government could face \u201climitless\u201d losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned.<br \/>\nA 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. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts warn of danger of untraceable funds if companies accepting payments in cryptos go bust The government could face \u201climitless\u201d 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 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2021\/07\/25\/cryptocurrencies-could-lead-to-limitless-losses-for-uk-government\/\"> <span class=\"screen-reader-text\">Cryptocurrencies could lead to \u2018limitless\u2019 losses for UK government<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":2288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2287"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=2287"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/2287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/2288"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=2287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=2287"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=2287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}