UK Targets 65,000 Crypto Investors in Tax Evasion Effort

The UK’s tax authority, HMRC, has launched a significant campaign against crypto investors suspected of evading taxes. They have sent out over 65,000 letters to individuals, traders, and owners of undeclared cryptocurrency wallets, emphasizing the need for them to rectify their tax compliance. This action signifies an unprecedented escalation in efforts to combat fraud within the booming cryptocurrency market.