UK Tax Authority Issues Warnings to Over 81,000 Crypto Holders

HM Revenue and Customs (HMRC) sent over 81,000 warning letters to crypto holders suspected of tax non-compliance for the 2025/2026 fiscal year, a nearly threefold increase from 2024. HMRC warned that selling, gifting, or using crypto for purchases may trigger capital gains tax obligations, with penalties reaching up to 100% of the tax due.