Key Takeaways:
- Starting January 2026, UK crypto firms must report detailed customer transaction data to HMRC, including names, addresses, and tax IDs.
- The policy aligns with the OECD’s Crypto-Asset Reporting Framework to boost global tax transparency and compliance.
- The UK’s approach diverges from the EU’s MiCA rules, opting for looser controls on stablecoins and foreign issuers.
Starting January 1, 2026, the UK will require all crypto firms to report detailed customer transaction data as part of a push to strengthen tax transparency.
The new rules, announced by HM Revenue and Customs (HMRC), mandate the collection of personal details — including full names, addresses, tax IDs, the type of crypto used, and transaction amounts — for every transaction.
🚨BREAKING:
— Coin Bureau (@coinbureau) May 18, 2025
🇬🇧New UK regulations mandate reporting ALL crypto transactions by 2026.
Firms must report sender and recipient names, addresses, tax IDs & full trade details (token type, quantity, GBP value, & timestamp).
Non-compliance may incur fines up to £300 per user.
These regulations will apply to all users and entities, including companies, trusts, and charities.
Non-compliance may lead to fines of up to £300 per user.
This move aligns with the OECD’s Crypto-Asset Reporting Framework (CARF), designed to enhance global tax cooperation.
The UK government is urging firms to begin data collection early to ensure compliance before the deadline.
Officials say the policy supports both crypto industry growth and consumer protection.
In April, Chancellor Rachel Reeves proposed additional legislation to regulate exchanges, custodians, and broker-dealers, reinforcing the UK’s stance against fraud and instability.
The UK just proposed a major shift in #cryptoasset regulation. 📄
— MiCA Crypto Alliance (@MiCA_Alliance) May 9, 2025
The draft rules from @HMTreasury bring trading, custody, #staking and #stablecoins under existing UK financial laws, embedding crypto into the #FSMA framework rather than building a separate regime.
A few key… pic.twitter.com/rLAtrioeay
Unlike the EU’s MiCA framework, the UK will not require stablecoin issuers to register or impose volume caps.
According to the FCA, crypto ownership in the UK rose to 12% of adults in 2024, up from just 4% in 2021, signaling rapid growth in the sector.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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