According to Foresight News, the UK's HM Revenue and Customs (HMRC) will require users to provide certain information to service providers about their digital asset activities starting from January 1, 2026, otherwise facing a fine of up to 300 pounds (408 dollars). Users must provide their full name, date of birth, address, country/region of residence, and tax number. The requirement covers transactions with all crypto service providers, including exchanges, wallet applications, Non-Fungible Token (NFT) and marketplace services.
The UK will require users to submit real-name information of digital assets, otherwise they will face fines
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