📬 Britain launches the largest regulatory campaign in crypto history!
🇬🇧 In an unprecedented move, the British tax authority HMRC sent over 65,000 warning letters to cryptocurrency investors.
The reason? Suspected failure to fully disclose taxable profits for the year 2024–2025.
💡 These letters are not a threat… but a "soft push."
HMRC gives investors 60 days to voluntarily correct their tax filings before any official action is taken.
The goal? To enhance transparency without stifling innovation.
🔍 How did they know?
The authority is now receiving direct data from crypto trading platforms in the UK.
By 2026, the global reporting framework CARF will come into effect, meaning automatic sharing of tax data globally.
📈 With over 7 million Britons owning digital assets, tax compliance has become a necessity, not an option.
Even intra-wallet exchanges may be considered a taxable event!
⚖️ The message is clear:
Smart compliance = Protection from penalties + Support for market growth.
Tax transparency means greater trust… and greater trust means larger institutional investments.
📲 Follow exclusive analyses and regulatory updates in real-time.
