HMRC recovers over £8 million in tax from 502 crypto investors

HMRC has recovered over £8 million in tax from 502 crypto investors through tax settlements. These settlements were completed via HMRC’s crypto asset disclosure facility, which allows holders to declare unpaid taxes before a formal investigation is launched. HM Treasury aims to collect £315 million in crypto tax revenue from an estimated 7 million crypto asset holders by 2030. (Coin Bureau)