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TechFlow news, January 1st, according to FT reports, Her Majesty's Revenue and Customs (HMRC) in the UK has officially begun a severe crackdown on cryptocurrency tax evasion. As part of the Crypto Asset Reporting Framework (CAFR), the UK will require cryptocurrency exchanges to collect and report all user transaction data starting from January 1, 2026, to enable tax authorities to track potential tax evasion.
According to FT, HM Revenue & Customs (HMRC) has officially begun a stringent crackdown on cryptocurrency tax evasion. As part of the Crypto-Asset Reporting Framework (CAFR), the UK will require cryptocurrency exchanges to collect and report all user transaction data starting from January 1, 2026, to enable tax authorities to track potential tax evasion.
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