According to DL News, based on a new regulation introduced by the UK tax authority, from January 1, 2026, cryptocurrency companies operating in the UK will be required to collect and report detailed user and transaction data. Crypto platforms must identify each user and record their legal identity information, address, and taxpayer identification number. Additionally, platforms must record every transaction involving UK users or users from other CARF participating countries, including transaction amount, asset type, quantity, and nature of the transfer. These requirements also apply to overseas companies providing services to UK customers. If the reported information is incorrect or incomplete, each user may be fined up to £300.
UK Plans to Require Crypto Firms to Report User and Transaction Data Starting in 2026
PANews2025/05/17 14:24
Show original
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Anti-fraud company SEON completes $80 million Series C funding round, led by Sixth Street Growth
Chaincatcher•2025/09/18 12:54
Lombard (BARD) surged after opening and then pulled back, now trading at $1.1109.
BlockBeats•2025/09/18 12:12
Publicly listed company Caliber has spent $6.5 million to purchase LINK tokens.
Chaincatcher•2025/09/18 11:54
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$117,194.68
+0.88%
Ethereum
ETH
$4,580.88
+1.81%
XRP
XRP
$3.12
+3.33%
Tether USDt
USDT
$1
-0.01%
BNB
BNB
$994.72
+4.56%
Solana
SOL
$246.38
+5.04%
USDC
USDC
$0.9999
-0.00%
Dogecoin
DOGE
$0.2813
+5.71%
TRON
TRX
$0.3465
+1.51%
Cardano
ADA
$0.9150
+5.12%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now