Regulation· ★★★· neutral· September 23, 01:00

UK tax authority maps billionaires, crypto wealth may be next

—HMRC assigned a personal compliance manager to every billionaire linked to the UK
—The list includes individuals who do not file UK tax returns
—The Cryptoasset Reporting Framework took effect in January, with exchange data transfers due in 2027
—17,600 people reported £1.38 billion in crypto gains in 2024-25

Why it matters: Crypto billionaires may face the same tax scrutiny as holders of traditional assets as exchange data starts flowing to HMRC.