UK Tightens Crypto Rules: Warning Letters Surge Amidst Market Growth

The UK is taking a more assertive stance against crypto tax evasion, significantly increasing outreach to digital asset investors through warning letters. As the popularity of cryptocurrency in the UK continues to rise, HMRC’s efforts are focused on ensuring compliance with regulations surrounding trading. Over 65,000 such notices were issued in the 2024-25 tax year alone, signaling a renewed focus on crypto enforcement following a surge in market activity.