UK tax authorities are nearly tripling warnings sent to cryptocurrency investors suspected of owing unpaid capital gains tax.
The tax office says it issued 81,172 letters, emails and text messages in the 2025-26 financial year, reports the BBC.
That figure almost tripled the 27,714 warnings sent in 2023 through 2024.
Warnings target profits from selling crypto or swapping one cryptocurrency for another, with investors risking fines or prosecution for failing to declare such gains.
The surge follows sharp rises in crypto values in the bull run from December 2022 to October 2025, which witnessed BTC climb from around $16,500 to a peak of roughly $126,000.
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