UK requires crypto firms to report every customer crypto transaction from 2026

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According to Cointelegraph, Foresight News reports that the UK Tax and Customs Authority stated that as part of improving crypto tax reporting, from January 1, 2026, UK crypto companies will need to collect and report data for each customer transaction and transfer. Every transaction will require collecting and reporting all information, including the user's full name, home address, tax identification number, the cryptocurrency used, and the amount transferred. Companies, trusts, and charities trading on crypto platforms must also report detailed information. Users who do not comply with regulations or report inaccurately may be fined up to 300 pounds ($398.4) per user.

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