UK Extends Crypto Reporting Rules to Domestic Transactions

The United Kingdom’s tax authority (HMRC) is expanding reporting requirements for domestic crypto transactions. Beginning in 2026, UK-based crypto platforms will be obligated to report all activity from their UK-resident users through the expanded Cryptoasset Reporting Framework (CARF). This expansion gives HMRC real-time access to both domestic and cross-border crypto data. It’s a crucial step toward increasing tax compliance ahead of the CARF’s first global information exchange in 2027.