According to DL News, starting from January 1, 2026, crypto asset companies operating in the UK will be required to collect and report detailed user and transaction data in accordance with a new regulation introduced by the UK tax authorities. This change stems from the UK's adoption of the Crypto Asset Reporting Framework (CARF), a global standard designed to combat tax evasion and bring the transparency of the crypto industry into line with the banking system.
Under the new rules, crypto platforms must identify each user and record their legal identity information, address, and taxpayer identification number. In addition, the platform must record every transaction involving UK users or users from other CARF participating countries, including details such as transaction amount, asset type, quantity, and nature of transfer. These requirements also apply to overseas companies that provide services to UK customers. If the reported information is incorrect or incomplete, each user may be fined up to £300.