UK widens crypto reporting rules to cover domestic transactions
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The UK will require crypto platforms to report all activity from domestic users starting in 2026, as global tax authorities worldwide tighten oversight of digital assets.
The United Kingdom will require domestic crypto platforms to report all transactions from UK-resident users starting in 2026, expanding the scope of the Cryptoasset Reporting Framework (CARF).
The change will give His Majesty’s Revenue and Customs (HMRC) — the UK’s tax authority — automatic access to both domestic and cross-border crypto data for the first time, tightening tax compliance ahead of CARF’s first global information exchange in 2027.
CARF, designed by the Organisation for Economic Co-operation and Development (OECD), is a framework for the automatic cross-border exchange of crypto transaction data between tax authorities worldwide. Its rules require crypto asset service providers to perform due diligence, verify user identities, and report detailed transaction information on an annual basis.
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