Cryptocurrency firms in the UK will adopt global reporting standards by January 1, 2026, aimed at enhancing transparency and combating tax evasion.
The Crypto Asset Reporting Framework (CARF) requires detailed user and transaction data, imposing significant compliance obligations on domestic and foreign companies.
While the initiative aligns with over 40 nations, increased operational costs may lead some firms to reconsider their presence in the UK market.
The UK’s commitment to crypto oversight reflects a broader international effort to implement consistent taxation policies in the digital asset space.
Full story here: https://coincu.com/338099-uk-crypto-reporting-2026-mandate