The British government identified 240 crypto millionaires in the 2024-2025 tax year, each reporting over $1.4 million in capital gains. A total of 17,600 individuals in the UK reported $1.9 billion in digital asset gains, with disposal totaling $18.7 billion. This data from HMRC comes as over 81,000 letters were sent to taxpayers suspected of underreporting. The OECD’s Crypto-Asset Reporting Framework estimates $457 billion in globally taxable blockchain activity in 2025.
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