Government coffers are set for a £315 million boost as the taxman cracks down on investors who are evading tax on their cryptocurrencies through the new ‘Cryptoasset Reporting Framework’.
Under the new rules, anybody who owns cryptocurrencies (like Bitcoin, Ethereum, and meme coins like Dogecoin) will have to give more of their personal details to crypto service providers or risk a £300 fine from HMRC from January 2026 onwards.
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