UK to Enforce Mandatory Crypto Trade Reporting Starting January 2026

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-18 08:36:02

The UK will require crypto firms to collect and report detailed customer information on every trade and transfer starting January 1, 2026. HM Revenue and Customs (HMRC) announced the move on May 14 as part of a broader effort to enhance tax compliance and oversight in the digital asset sector.

Platforms must log full names, home addresses, and tax identification numbers for all users. Transaction specifics—such as cryptocurrency type and transfer amount—will also be mandatory. The rules extend beyond individuals to companies, trusts, and charities.

Non-compliance or inaccurate reporting could result in penalties of up to £300 ($39). The measure underscores growing regulatory scrutiny as cryptocurrencies gain mainstream traction.

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