UK Tightens Crypto Tax Rules: New Reporting Requirements Begin in 2026

The UK will enforce stricter crypto tax regulations starting January 2026, requiring all cryptocurrency holders to report transactions and face potential penalties for non-compliance. The new rules, implemented under the OECD framework, aim to boost tax revenue by potentially £315 million, funded by public services. Crypto exchange providers and individuals who fail to comply with these regulations risk fines of up to £300 or even further sanctions. The UK’s emphasis on increased data collection from crypto exchanges, including Coinbase and Binance, follows past efforts to enhance tax compliance in the cryptocurrency market.