Home / Policy Tracker / Policy Event
Policy Event · High impact

HMRC Sends More Than 81,000 Crypto Tax Warning Letters

HMRC reportedly sent more than 81,000 warning letters to crypto holders suspected of underpaying tax in the 2025/2026 fiscal year, nearly tripling the prior-year volume. The campaign increases pressure on exchanges and wallet providers to support auditable transaction exports and tax-reporting evidence.

High impact🇬🇧 United KingdomTaxationEnforcementBTCETHHMRCProtos

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: BTC, ETH. Named institutions or platforms: HMRC, Protos. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Taxation tracker page →

Related policy events

AUSTRAC Intelligence Supports Organized Crime Asset Restrictions

AUSTRAC said its financial intelligence helped investigators uncover links behind an alleged organized crime network, with more than AUD25 million in assets restricted and seven arrests made. The case reinforces Australia's use of financial intelligence, transaction monitoring and reporting channels in serious-crime enforcement.

Medium impact🇦🇺 AustraliaAMLEnforcement
APAC FINSTAB analysis → Original source ↗

CFTC Innovation Meeting Flags Prediction Market Manipulation Risks

CME CEO Terrence Duffy warned at a CFTC innovation meeting that some prediction-market contracts, especially self-certified political event markets, can be vulnerable to manipulation. The discussion moves prediction markets deeper into the CFTC agenda around market integrity, event definitions and settlement controls.

Medium impact🇺🇸 United StatesRegulationEnforcement
APAC FINSTAB analysis → Original source ↗

CFTC Finalizes Ellison And Wang FTX Enforcement Settlements

The CFTC reached final settlements with Caroline Ellison, Gary Wang and related Alameda/FTX parties, requiring continued cooperation and imposing multi-year trading and registration bans. The orders extend FTX accountability into individual conduct controls, executive screening and customer-asset governance reviews.

High impact🇺🇸 United StatesEnforcementExchangeRegulationBTCETH
APAC FINSTAB analysis → Original source ↗