UK Begins Major Crypto Tax Crackdown Under Global Reporting Rules

BitcoincomNews · 2026-01-01T11:00:07+00:00

The UK will implement CARF rules in 2026, requiring crypto platforms to report user activities to HMRC, impacting over 6 million crypto users with potential penalties for non-compliance.

BitcoincomNews

2026-01-01 11:00:07

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Story Highlights* UK launches CARF rules in 2026, forcing crypto platforms to report user activity directly to HMRC.

Over 6 million UK crypto users now face bank-level tracking of wallets, trades, and tax residency.
Non-compliance could trigger penalties, back taxes, interest charges, and deeper HMRC investigations.

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