UK crypto firms told to report every user and transaction or risk stiff penalties – DL News
- Crypto firms must report user and transaction data starting in 2026.
- Penalties of up to £300 per user apply for faulty or missing data.
- The UK’s open approach differs slightly from the EU’s MiCA model.
The United Kingdom is starting to make more room for crypto, but it wants receipts for every user, trade, and transfer.
Beginning on the first day of 2026, cryptoasset firms operating in the country will be required to collect and report detailed user and transaction data under a new framework being rolled out by the UK tax authority.
The change stems from the UK’s adoption of the Cryptoasset Reporting Framework — a global standard designed to crack down on tax evasion and bring crypto transparency in line with banking.
Platforms will…
