UK to Require Crypto Firms to Report All Transactions by 2026 – The Shib Daily
The UK government has introduced new guidelines requiring crypto firms to collect and report detailed data on all customer trades and transfers, aiming to enhance transparency and improve tax compliance within the sector.
According to a guidance issued by HM Revenue and Customs (HMRC), the mandatory collection of user and transaction data by crypto firms will take effect on January 1, 2026. However, the government is encouraging companies to begin gathering this information in advance to ensure a smooth transition to the new reporting requirements.
Crypto firms will be required to collect and report detailed information for each transaction, including the user’s full name, home address, and tax identification number….
