UK Mandates Full Crypto Transaction Reporting: Implications for Businesses & Users

The UK has introduced a comprehensive regulatory framework for cryptocurrency transactions, mandating full reporting by crypto firms from January 1, 2026. This policy, overseen by the UK Revenue and Customs, aligns with the OECD’s Crypto-Asset Reporting Framework (CARF) and will require companies to disclose details of each user’s transaction history, including personal information. The move is aimed at enhancing transparency in the crypto market and combating fraud and instability.