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UK Crypto Tax Crackdown 2025: New Reporting Rules for Traders

UK Crypto Tax Crackdown 2025: New Reporting Rules for Traders

Author:

Global Cryptocurrency

Published:

2025-12-01 09:39:02

28

2

BTCCSquare news:

The UK government will enforce stricter cryptocurrency tax reporting starting January 1, 2025. Under the Cryptoasset Reporting Framework (CARF), trading platforms must disclose client transactions and tax details to HM Revenue & Customs.

This OECD-aligned initiative aims to recover £315 million in unpaid taxes by 2030. While boosting Treasury coffers, the rules may create compliance burdens for exchanges and investors alike.

The framework requires self-declaration of tax residency and beneficial ownership transparency. Market participants should prepare for increased scrutiny as global crypto regulations tighten.

By:

Deutsche Telekom and Schwarz Group Partner on AI Data Center Initiative

|Square

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