UK to Mandate Crypto Reporting by 2026: New Compliance Rules for Service Providers

The UK government is tightening regulations around cryptocurrencies with a new framework set to take effect in January 2026. All service providers operating within the UK that deal with cryptocurrency will need to collect user and transaction data, according to Her Majesty’s Revenue and Customs (HMRC). This move is being driven by concerns regarding illicit activities, market manipulation, and investor protection.