Bitcoin 
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USDC 
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HMRC sent nearly 65,000 warning letters to crypto investors last year, more than double the previous year, as the UK steps up efforts to trace undeclared capital gains.
💡 DMK Insight
HMRC's aggressive outreach to crypto investors signals a new era of scrutiny in the UK, where the taxman is no longer content to play hide and seek. With nearly 65,000 warning letters dispatched, it’s clear that the authorities are ramping up their game to ensure that no digital coin slips through the cracks. This could serve as a wake-up call for investors who may have been blissfully unaware of their tax obligations, reminding them that in the world of crypto, the only thing more volatile than prices is the regulatory landscape. As the stakes rise, it’s crucial for traders to stay informed and compliant, lest they find themselves on the wrong side of a tax bill that could make their gains feel like losses.
📮 Takeaway
Stay proactive about tax obligations to avoid surprises from HMRC's increased scrutiny.
