HM Revenue and Customs (HMRC) published guidance outlining the data collection and reporting obligations for reporting crypto-asset service providers (RCASPs) under the OECD’s Crypto-Asset Reporting Framework (CARF). The measures introduce new compliance requirements for U.K.-based RCASPs, starting from January 1, 2026.
Key points from the HMRC guidance:
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Mandatory data collection begins 2026: All U.K.-based RCASPs must begin collecting information on users and their transactions starting January 1, 2026.
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Who qualifies as an RCASP: The obligations apply to crypto exchanges, brokers, and dealers that facilitate or enable trading in crypto-assets.
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Reporting deadline: Reports based on 2026 data may need to be…
