TechFlow news, November 29 — According to CoinDesk, new regulations from Her Majesty's Revenue and Customs (HMRC) require cryptocurrency exchanges operating in the UK to begin collecting complete transaction records of all their UK-based customers starting January 1, 2026. The data must be shared with HMRC the following year, which will use it to verify tax returns, ensure compliance, and penalize violations.
The new guidance from HMRC aligns the UK with the OECD Crypto-Asset Reporting Framework (CARF), designed to increase transparency in the rapidly growing digital asset market. CARF is already being rolled out across jurisdictions including the European Union, Canada, Australia, Japan, and South Korea.
Add to Favorites
Share to Social Media
