UK Widens Crypto Reporting Rules To Cover Domestic Transactions

The UK will require domestic crypto platforms to report all transactions from UK-resident users starting in 2026, expanding the scope of the OECD’s Cryptoasset Reporting Framework (CARF).

This gives HMRC automatic access to both domestic and cross-border crypto data for the first time, strengthening tax compliance ahead of CARF’s global data exchange in 2027.

CARF mandates annual reporting, user identity verification, and detailed transaction disclosures by crypto service providers.

While CARF mainly targets cross-border activity, the UK’s expansion closes a key gap to ensure domestic crypto activity doesn’t become an “off-CRS” asset class that avoids the transparency applied to traditional financial accounts.

You need to login in order to Like