The UK tax authorities have sent out 65,000 demand letters to individuals suspected of cryptocurrency tax evasion, double the amount from last year

ChainCatcher news, the UK tax authorities have sent approximately 65,000 "demand letters" to individuals suspected of owing cryptocurrency taxes, doubling the number from last year.

Under the current UK tax system, selling, exchanging, or spending cryptocurrency typically incurs capital gains tax, while staking rewards and airdrop income are considered taxable income.