Britain’s first official tax breakdown for crypto shows gains were concentrated in a small group of investors during the 2024-25 tax year. HM Revenue & Customs said 240 people each reported more than £1 million in cryptoasset capital gains, totaling £717 million. Although that group represented less than 2% of the 17,600 individuals who declared crypto disposals, it accounted for more than half of both the £1.38 billion in gains and the £13.8 billion in disposal proceeds. At the lower end of the spectrum, 65% of crypto taxpayers reported gains below £25,000, contributing 7% of total gains and 8% of proceeds. HMRC said the figures were published separately for the first time after the Self Assessment return added a dedicated section for cryptoasset disposals. The tax authority’s data also points to a distinct demographic profile: crypto taxpayers skew younger and more heavily male than the wider capital gains population. The U.K. has also started implementing the OECD’s Cryptoasset Reporting Framework, with HMRC due to begin receiving customer data from service providers in 2027. Separately, the Treasury plans to defer capital gains tax on DeFi lending and liquidity pool deposits until assets are actually disposed of.

Britain's tax authority, HMRC, has published new data on crypto asset capital gains for the 2024/25 tax year. A total of 240 individuals each reported gains exceeding £1 million, for a combined £717 million — more than half of the £1.38 billion declared by all 17,600 filers. Those filers also recorded £13.8 billion in disposal proceeds. The distribution was highly unequal: 65% of taxpayers had gains below £25,000, but they accounted for just 7% of total gains and 8% of proceeds. The profile of crypto taxpayers skews young and male: 54% were aged 25 to 44, 81% were 54 or under, and men made up 87% of filers while contributing 93% of gains. On compliance, the UK is moving toward the OECD Crypto-Asset Reporting Framework, under which trading service providers must share client data with HMRC from 2027, and non-compliant providers face fines of up to £300 per user. Financial Secretary James Murray stressed that crypto gains are taxable like any other capital gain. Separately, the Treasury plans to defer capital gains tax on DeFi lending and liquidity pool deposits until the underlying assets are actually sold. Gains above the allowance for the 2025/26 tax year must be reported by 31 January 2027.

President Trump named the inaugural members of the President's Council of Advisors on Science and Technology (PCAST) on March 25, 2025, including Mark Andreessen, Larry Ellison, Mark Zuckerberg, and several crypto industry heavyweights. The inclusion of a 'Special Adviser for AI and Crypto' as a permanent co-chair formally integrates digital assets into federal technology strategy, signaling a major shift in U.S. policy influence.

A comprehensive guide to cryptocurrency airdrops: definition, historical cases, creation methods, discovery platforms, tax implications, and evolution toward DeFi incentive mechanisms.

From broad exchange integration to DeFi, Cardano support, liquidity transactions, and multi-country compliance—this article breaks down why Koinly is considered the top crypto tax solution globally.

A sponsored article outlines Koinly’s key selling points, including broad exchange integrations, DeFi and liquidity support, Cardano compatibility, and localized tax reporting across more than 100 countries.