Starting 1 January 2026, all crypto companies serving UK users — even if based abroad — must comply with strict new reporting standards:

• Verify each user (Name, Address, Tax ID)

• Record all transactions (Amount, Asset, Quantity, Type)

• Report to HMRC under the global Cryptoasset Reporting Framework (CARF)

Penalty: Up to £300 per user for errors or missing info.

This move is part of a wider global effort to fight tax evasion in the crypto space.

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#CryptoNewss #UKCrypto #regulations #BinanceSquare #CARF # #BinanceSquare #CARF #Tax

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