UK Mandates Crypto Transaction Reporting by 2026 to Boost Transparency
The UK government has unveiled stringent new regulations requiring cryptocurrency firms to collect and report comprehensive data on all customer transactions. Effective January 1, 2026, the rules aim to enhance tax compliance and market transparency. HM Revenue and Customs (HMRC) urges early adoption to streamline implementation.
Firms must disclose user identities, transaction details, and asset types—marking a significant shift toward institutional oversight in the digital asset space. The MOVE aligns with global trends of regulatory tightening as cryptocurrencies gain mainstream traction.