UK Mandates Crypto Firms to Report Data by 2026: A Key Change for the Industry

The UK government has mandated that cryptocurrency firms report user and transaction data starting January 1, 2026. This initiative is spearheaded by His Majesty’s Revenue and Customs (HMRC) and aims to enhance tax transparency and compliance within the crypto market. The UK government’s push for greater data reporting aligns with international standards under the OECD Cryptoasset Reporting Framework (CARF). The regulations affect all cryptocurrency organizations operating in the UK, including exchanges, brokers, and custodians. 2026 deadline will force industry players to adapt their operations and comply with new regulatory guidelines.