Crypto Firms To Report Every Single Transaction Under New UK Laws
Businesses providing crypto services in the UK will be required to collect more extensive user and transaction data by next year.
The HM Revenue and Customs (HMRC) says the new rule covers all UK-based reporting crypto-asset service providers (RCASPs), which include exchanges, brokers, dealers, and any firm that transacts with digital assets on behalf of users or provides a platform for the transactions.
The government will implement the policy as part of the Crypto-Asset Reporting Framework (CARF), a global initiative that promotes the exchange of information between countries to address tax evasion risks related to digital assets.
“From 1 January 2026, if you provide cryptoasset services in the UK, you’ll have new…
