In brief
- The UK government’s Budget for the coming fiscal year has confirmed that UK-registered trading platforms will have to record personal details of their customers.
- Info to be collected includes cryptocurrency transactions and tax numbers, with the government expecting to raise an extra $417 million in tax by April 2030.
- Experts say this will create costs for exchanges that will be passed onto customers, and that some traders may seek out noncompliant platforms.
The UK government has confirmed in its 2025 Budget that it will implement new rules forcing cryptocurrency traders to report personal details to trading platforms from January 1 of next year.
First introduced as part of an international agreement with the OECD, the
Jan 12 2026
