UK government reports 240 crypto millionaires in 2025
About 17,600 people in the UK reported a combined $1.9 billion in gains tied to crypto in the 2024 to 2025 tax year, with 240 each declaring more than $1.4 million.
The UK government has reported that there were 240 crypto millionaires in 2025, with each individual claiming over $1.4 million in capital gains from digital assets. According to data released by HM Revenue and Customs, these 240 people reported a combined total of $975 million in crypto gains during the 2024 to 2025 tax year. Additionally, there were a total of 17,600 individuals who reported digital asset gains of $1.9 billion over the same period.
Financial Secretary to the UK Treasury and Paymaster General, James Murray, emphasized the importance of taxpayers being aware of their tax obligations related to cryptoasset gains. The UK is following the OECD's Crypto-Asset Reporting Framework, which requires crypto asset service providers to report data on crypto gains and losses, potentially uncovering gains that were not previously declared by taxpayers.
The UK agency also sent over 81,000 letters to individuals suspected of underpaying taxes, targeting crypto investors in their efforts to collect the necessary taxes.
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