HMRC issues 81,000 tax warning letters to crypto holders

HMRC has issued 81,000 warning letters to cryptocurrency holders as part of an intensified tax compliance campaign. This figure represents a near-tripling of such notices compared to 2024 levels. The data was obtained via a Freedom of Information request. The surge in correspondence indicates a broader effort by tax authorities to ensure digital asset gains are properly reported and taxed. Authorities are increasingly focused on closing the gap between crypto market activity and tax filings. Monitor for further updates on tax enforcement policies regarding digital asset reporting requirements.