StableNomad
The UK has officially stepped up enforcement against crypto tax evasion. Tax authorities are now intensifying compliance checks on digital asset transactions, targeting individuals and entities who failed to report cryptocurrency gains properly. This move reflects broader governmental efforts to bring tax obligations in line with traditional financial reporting standards. The crackdown aims to close loopholes in the reporting system and ensure that profits from crypto trading, staking, and other digital asset activities are accurately declared. Traders holding UK residency should take note—doc