UK plans to require crypto firms to report user and transaction data from 2026

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PANews
05-17
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PANews news on May 17th, according to DL News, based on a new regulation launched by the UK tax authority, crypto asset companies operating in the UK will be required to collect and report comprehensive user and transaction data starting from January 1, 2026. Crypto platforms must identify each user and record their legal identity information, address, and taxpayer identification number. Additionally, platforms need to record every transaction involving UK users or users from other CARF participating countries, including transaction amount, asset type, quantity, and transfer nature. These requirements also apply to overseas companies serving UK customers. If the reported information is incorrect or incomplete, each user may be fined up to 300 pounds.

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