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The UK will strictly investigate the taxation of encryption assets, and exchanges must report all user data starting in 2026.

[The UK will tighten scrutiny on Crypto Assets taxation, exchanges must report full user data from 2026] The UK’s HM Revenue and Customs (HMRC) has released new regulations stating that from January 1, 2026, all cryptocurrency exchanges operating in the UK must collect and maintain complete transaction records of users, and report this data in full to HMRC by 2027 for the purpose of cross-referencing tax information and combating tax evasion related to Crypto Assets. UK tax experts warn that crypto users need to organize their tax situations by the end of 2026 to avoid potential sanctions.

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