ThanTaiCrypto
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News: Starting from January 1, 2026, all crypto exchanges and wallets operating in the UK must submit detailed records of each transaction to the tax authority (HMRC).
Each record must include:
- The name, address, and tax identification number of the customer.
- Type and quantity of coins.
- Legal entity information if it is an organization.
Reporting inaccuracies or missing data may result in fines of up to £300 per customer. HMRC recommends that businesses start collecting information now to be prepared.
Unlike the EU, the UK does not require foreign stablecoin issuers to register and also does not impose limits on circulation volume.
Crypto God of Wealth
Each record must include:
- The name, address, and tax identification number of the customer.
- Type and quantity of coins.
- Legal entity information if it is an organization.
Reporting inaccuracies or missing data may result in fines of up to £300 per customer. HMRC recommends that businesses start collecting information now to be prepared.
Unlike the EU, the UK does not require foreign stablecoin issuers to register and also does not impose limits on circulation volume.
Crypto God of Wealth
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