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UK Mandates Crypto Firms to Collect User Data from 2026 Under OECD Framework
UK Mandates Crypto Firms to Collect User Data from 2026 Under OECD Framework
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The UK government has unveiled stringent new regulations requiring cryptoasset service providers to collect and report detailed user and transaction data starting January 2026. The move, driven by the adoption of the OECD’s Cryptoasset Reporting Framework (CARF), applies to both domestic and foreign platforms serving UK clients.
HM Revenue and Customs (HMRC) will enforce the rules, with hefty penalties for non-compliance. The mandate reflects the UK’s accelerating push to bring cryptocurrency under formal regulatory oversight, mirroring global trends toward transparency in digital asset markets.
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