Britain's Revenue and Customs has recovered more than £ 8 million in cryptocurrency tax evasion in three years and settled hundreds of investors

According to the Financial Times, three years after cracking down on cryptocurrency tax evasion, the UK Revenue and Customs Administration has recovered more than £ 8 million in taxes by reaching settlements with hundreds of cryptocurrency investors. Data obtained under the Freedom of Information Act application shows that in the past two years, 502 crypto investors have reached disclosure settlements with the UK Revenue and Customs (HMRC) over unpaid taxes. During the 2024/25 tax year, a total of 280 people settled with HMRC, paying a total of £ 3.5 million. In the 2025/26 tax year, the number of people settled fell to 222, but the total amount increased to approximately £ 4.8 million.