According to a recent report, the United Kingdom tax authority has sent out tens of thousands of “nudge letters” to individuals suspected of owing or underreporting taxes on their crypto asset gains. This move reflects the increased tax scrutiny of cryptocurrency investors around the world over the past year.

UK Tax Regulator To Obtain User Data From Global Exchanges Starting 2026

In an October 17 report, Financial Times (FT) revealed that UK’s tax authority HM Revenue & Customs (HMRC) sent approximately 65,000 letters to digital asset holders suspected of evading taxes on their gains. These letters, officially known as “nudge letters,” are written to ask investors to correct their tax filings before formal investigations take place.

This figure, which represents a 134% increase from

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