HMRC sends 81,000 warning letters to crypto holders in tax crackdown

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HMRC has sent 81,000 warning letters to cryptocurrency holders as part of a tax crackdown, according to a Freedom of Information request obtained by BBC Business. The number of letters sent has almost tripled since 2024, indicating a significant escalation in enforcement efforts. The letters are part of HMRC's campaign to ensure crypto holders pay the correct tax on their holdings.

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