According to CoinMeta, and as reported by decrypt, data from the UK Tax and Customs Department shows that 240 individuals declared capital gains on crypto assets of over £1 million each, totaling £717 million, which accounts for more than half of the total. The total capital gains declared by all 17,600 taxpayers amounted to £1.38 billion, with disposal proceeds amounting to £13.8 billion. Taxpayers who declared capital gains of less than £25,000 accounted for 65% and contributed 7% of the capital gains and 8% of the disposal proceeds. Among taxpayers with crypto assets, 54% were aged between 25 and 44, and men made up 87% of this group. James Murray, the Financial Secretary to the UK Treasury, stated that capital gains on crypto assets, like other types of capital gains, are subject to taxation.