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UK to Enforce Comprehensive Crypto Transaction Reporting Starting 2026

UK to Enforce Comprehensive Crypto Transaction Reporting Starting 2026

Author:

Global Cryptocurrency

Published:

2025-11-29 01:38:02

16

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BTCCSquare news:

The UK has mandated that all cryptocurrency platforms operating within its jurisdiction must log and report user transactions beginning in 2026. This move significantly expands the Cryptoasset Reporting Framework (CARF), granting His Majesty’s Revenue and Customs (HMRC) unprecedented access to both domestic and international crypto transaction data.

Authorities aim to bolster tax compliance ahead of CARF’s first global information exchange in 2027. The framework, developed by the OECD in 2022, requires crypto service providers to verify user identities and submit annual transaction reports. This regulatory shift underscores the UK’s push for transparency in the digital asset space.

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