UK Mandates Crypto Transaction Reporting Starting 2026
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The UK government will require cryptocurrency firms to report every customer transaction beginning January 1, 2026. The new rules, announced by HM Revenue & Customs, aim to enhance tax compliance in the digital asset sector.
Companies failing to comply with the stringent reporting requirements face significant penalties. The regulation underscores Britain’s push to bring crypto markets in line with traditional financial oversight frameworks.
Transaction details including counterparties, amounts, and timestamps must be collected and submitted. This MOVE follows similar regulatory trends in the EU and US, though UK requirements appear more comprehensive in scope.
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