More than 80,000 crypto traders told to cough up tax in HMRC crackdown

More than 80,000 crypto traders told to cough up tax in HMRC crackdown

HMRC sent 81,000+ warning letters to UK crypto traders this year (nearly 3x vs 2024); from March 2027 offshore platforms must share customer data. Crypto capital gains tax compliance becomes mandatory enforcement versus prior voluntary disclosure, raising £315m by 2030—reshaping risk calculus for tech professionals holding digital assets.