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The UK introduces strict reporting for crypto business - original
Since January 1, 2026, all crypto companies working with users from the UK are obliged to:
⊹ Identify each client (name, address, tax number)
⊹ Fix each transaction: amount, asset, quantity, transfer type
⊹ Report even if the company is not British, but serves UK customers
For errors or incomplete data - a fine of up to £300 per user.
Standards are introduced as part of the Cryptoasset Reporting Framework (CARF), a global system to combat tax evasion.