Crypto Investors on Notice: HMRC's Crackdown Heats Up HM Revenue & Customs (HMRC) has stepped up its efforts to crack down on cryptocurrency investors who have been avoiding their tax obligations.
Over 81,000 warning letters were sent to crypto holders last year, a nearly threefold increase from the previous year.
This surge in warnings is part of HMRC's broader effort to tackle unpaid capital gains taxes on cryptocurrencies.