UK Enacts Crypto Reporting Rules for Enhanced Transparency, Set to Impact 2026

The United Kingdom is taking a major step towards increased transparency in the cryptocurrency space by implementing new reporting rules starting in 2026. These regulations, enforced through the Crypto Asset Reporting Framework (CARF) managed by HMRC, will require all cryptocurrency companies operating within the UK to collect and report detailed user and transaction data. This move aims to combat tax evasion and enhance regulatory alignment with traditional finance.