More than 40 countries, including the UK, have implemented new crypto tax rules requiring exchanges to collect and report user transaction records.

[Over 40 Countries Including the UK Implement New Crypto Tax Rules, Requiring Exchanges to Collect and Report User Transaction Records] According to the Financial Times, the UK and over 40 other countries have implemented new tax regulations for crypto assets. Under the Crypto Asset Reporting Framework (CARF) established by the Organization for Economic Cooperation and Development (OECD), major crypto exchage to collect complete transaction records for UK users and report user transaction information and tax residency status to HMRC (Her Majesty's Revenue and Customs).