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

The UK's tax agency, HMRC, sent 81,000 warning letters to cryptocurrency investors over suspected unpaid taxes. This marks a 25% increase in crypto tax letters. Additionally, expanded international reporting could give HMRC greater visibility into offshore transactions starting in 2027. The move signals heightened scrutiny of crypto investors in the UK as tax compliance enforcement intensifies.