UK Tax Authority Intensifies Crypto Crackdown with 65,000 Warning Letters

The UK tax authority, HMRC, is intensifying its crackdown on cryptocurrency tax evasion by sending out 65,000 warning letters to investors suspected of underreporting their gains. This marks a significant increase from the previous year and underscores the government's commitment to ensuring compliance in the rapidly growing crypto market. Investors are urged to be vigilant about their tax obligations to avoid serious consequences.