HM Revenue & Customs has sent about 81,000 warning letters to cryptocurrency holders as part of a recent tax compliance campaign in the UK. Data disclosed through a Freedom of Information request shows the number of such letters has nearly tripled since 2024. The move is intended to remind taxpayers to report and pay capital gains tax tied to crypto assets. The development was cited by Techub News, which referenced BBC News in its brief report. The disclosed figures point to a sharper compliance push by the UK tax authority toward individuals with crypto-related tax obligations, with the campaign focused on reporting and payment requirements rather than any newly announced tax rule in the provided report.

Kenya's Capital Markets Authority is procuring a blockchain analytics platform to monitor real-time and historical transactions across 20+ chains, flag high-risk wallets, and screen against UN and OFAC sanctions. The move follows the 2025 Virtual Asset Service Providers Act, as the country seeks to regulate its $19 billion crypto market.

HM Revenue & Customs said it has recovered more than £8 million in tax through settlements with crypto investors since launching a crypto tax compliance drive in November 2023. Over the past two years, the agency reached disclosure settlements with 502 investors, with an average settlement value of about £16,600. In the 2024/25 tax year, 280 cases were settled for £3.54 million, while 222 settlements in 2025/26 brought in about £4.78 million. HMRC also sharply increased its outreach, sending 64,982 reminder letters to crypto investors in 2024/25, up 680% from three to four years earlier. The disclosure comes as the UK joins the OECD’s Crypto-Asset Reporting Framework, under which crypto service providers will be required from January 2026 to collect users’ identity and transaction data and report it to authorities. HMRC said roughly 8% of UK adults, or about 4.5 million people, currently hold crypto assets.

The UK will enforce the Cryptoasset Reporting Framework (CARF) from January 2026, mandating exchanges to report user data to HMRC with fines of £300 per violation. India's 30% crypto tax has driven TDS revenue up 41% year-on-year despite a 50-90% drop in domestic trading volume.

A new UK-focused exchange guide says FCA registration, CARF tax reporting from January 2026, and the lack of FSCS protection are now the main filters for crypto users choosing a platform.

The UK Financial Conduct Authority, together with HMRC and police, raided eight London premises suspected of illegal peer-to-peer crypto trading, issuing cease-and-desist letters and supporting criminal investigations. This is the FCA's first targeted enforcement against P2P trading.

Revolut launched its first physical crypto card on May 18, 2026, featuring Dogecoin theme and LED glow. Zero swap fee, £100,000 per transaction, worldwide Visa/Mastercard. But every purchase triggers UK capital gains tax.

The UK’s HM Revenue & Customs said certain cryptoasset lending transactions and automated market maker liquidity pool transactions will receive “no gain, no loss” treatment starting April 6, 2027. In practice, capital gains tax will usually be deferred until a user makes an economic disposal of the underlying cryptoassets. The measure will apply to individuals and trustees and will amend the Taxation of Chargeable Gains Act 1992. Under the current system, selling, exchanging, or spending cryptoassets can trigger capital gains tax, with rates of 18% for basic-rate taxpayers and 24% for higher-rate taxpayers. HMRC said the policy is aimed at fairness, so gains and losses are generally recognized when participants actually dispose of their cryptoassets economically. The change is expected to affect around 700,000 individuals who use crypto lending or liquidity pool arrangements. It will cover single cryptoasset lending, borrowing arrangements, and automated market maker arrangements. On exit, the treatment applies only to the extent users receive the same quantity of assets they originally contributed; any difference will give rise to a taxable gain or loss.