The U.K. released new guidelines that include rules for crypto exchanges to start providing the British tax authority with full customer information on all their digital assets.
Crypto industry figures welcomed pro-entrepreneur measures but warned that wider tax and regulatory pressures could hurt UK competitiveness.
For years, many UK crypto holders have flown under the HMRC tax authority’s radar. They convinced themselves that digital assets somehow sit outside the country’s tax regime. Well, if you’re a UK resident residing in a river near Egypt, it’s about time you came up for air. Crypto tax is on the agenda, and the […]
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Beginning in 2026, exchanges will share more detailed information on user activity with around 70 jurisdictions under new reporting requirements.