UK to Mandate Crypto Transaction Reporting by 2026

UK to Mandate Crypto Transaction Reporting by 2026

The United Kingdom will require cryptocurrency companies to collect and report detailed information on every customer trade and transfer starting January 1, 2026, as part of an effort to enhance crypto tax transparency and compliance. New Requirements for Crypto Firms According to a May 14 announcement by HM Revenue and Customs (HMRC), crypto firms must report users’ full names, home addresses, tax identification numbers, the type of crypt...

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