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Beginning Jan. 1, 2026, digital asset service providers in the UK must submit customer data to HMRC under the OECD’s Cryptoasset Reporting Framework. Providers must collect details on users who are tax residents in the UK or CARF-adopting countries. Failure to comply could result in penalties of up to £300 per user. The UK Treasury is also working on regulating key areas of the crypto sector to boost investor confidence and protect investors.
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