🇬🇧 Urgent: The United Kingdom Requires Crypto Companies to Report All User Transactions Starting January 2026
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Details:
• Starting January 2026, all registered crypto companies in the UK will be required to submit full reports on user transactions to regulatory authorities.
• The purpose of the decision is to enhance transparency and combat money laundering and tax evasion.
• Fines for non-compliance may reach £300 per user.
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Potential Impacts:
• Increased regulatory pressure on crypto companies in Britain.
• Possible migration of some users to external platforms not subject to this measure.
• Strengthening tax oversight on crypto transactions within the United Kingdom.
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Do you think this measure is a step towards fair regulation? Or a threat to user privacy?
Share your opinion in the comments.
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