UK to Implement Crypto Reporting Rules Starting 2026

The UK government is enacting a new regulatory framework for cryptocurrency, mandating reporting of user data by service providers starting in 2026 under the OECD’s Crypto-Asset Reporting Framework (CARF). This global initiative aims to enhance tax transparency and prevent crypto tax evasion. The move aligns with over 40 countries including all EU members, significantly impacting both centralized and decentralized platforms.