🇬🇧 UK Crypto Users: Fess Up or Pay £300! 💸
Starting Jan 1, 2026, U.K. crypto holders must share personal info (name, DOB, tax ID) with exchanges or risk a £300 ($408) fine. 😱
It’s HMRC’s latest play to tie your digital moves to your tax record.
Not just CEXs—wallet apps, NFT platforms, and portfolio trackers count too.
Basically: If you’re in the U.K. and touching crypto, Big Brother wants your details. 👀
Why it matters?
• Privacy trade-offs just got real.
• DeFi may look juicier for U.K. users now.
• Could this fuel more users to go anon or off-ramp?
💭 Decentralized freedom vs centralized tax dragnet. What’s your take?
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