HMRC Triples Warning Letters to Crypto Holders in Major Tax Crackdown

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The UK's tax authority HMRC has sent 81,000 warning letters to cryptocurrency holders as part of an intensified tax compliance drive. The figure represents nearly triple the number of letters issued compared to 2024. The data was obtained through a Freedom of Information request, revealing the scale of HMRC's renewed focus on crypto-related tax obligations. The crackdown signals that authorities are increasingly scrutinising digital asset holders who may not have declared taxable gains or income.

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