UK Tax Agency Sends 81,000 Crypto Tax Letters as Scrutiny Rises

HMRC sends 81,000 warning letters to crypto holders in tax crackdown

HMRC sent 81,000 warning letters to UK crypto holders (+25% YoY) for underreported capital gains on token swaps. Tax authorities globally standardizing reporting via OECD CARF—compliance is now a core infrastructure decision for portfolio managers.