UK Budget Confirms New Crypto Reporting Rules from January 1
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 Cryptoasset Reporting Framework (CAFR) requires cryptoasset service providers to provide HM Revenue & Customs with information on their customers, including cryptocurrency transactions and tax reference numbers.
Published on Wednesday, this year’s Budget confirms that “information for first reports to HMRC will be collected from 1 January 2026 and reported to HMRC in 2027.”
Investors who don’t provide required details with exchanges could be fined up to…
