The UK will implement crypto reporting rules starting January 1, 2026, which will affect all cryptocurrency providers. The regulations are aimed at improving transparency and combating tax evasion, requiring firms to collect and report user and transaction data.
HMRC will enforce these rules under the Crypto Asset Reporting Framework (CARF), imposing substantial compliance obligations, including identity verification and transaction documentation. Companies may face significant penalties for non-compliance.
Overall, while some industry leaders perceive the new regulations as burdensome, others view them as essential for the growth and maturity of the digital asset sector.
Full story here: https://coincu.com/338097-uk-crypto-reporting-rules-implementation-2026