UK Enacts Crypto Reporting Mandate, Set to Take Effect in 2026

The UK government is enacting a new regulation requiring all cryptoasset service providers operating within its borders to submit detailed user and transaction data by January 1, 2026. This move aligns with the UK’s adoption of the Cryptoasset Reporting Framework (CARF) developed by the OECD, signaling a shift toward greater scrutiny and stricter compliance measures for digital assets in this nation.