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Crypto Holders Warned as UK Budget Confirms Platforms Will Track Gains
The U.K. is preparing to tighten the net around hidden crypto profits, setting the stage for a sweeping tax enforcement regime that will rely on detailed trading data collected directly from cryptocurrency exchanges. Beginning January 1, 2026, crypto exchanges operating in the country must start gathering complete transaction histories for all their U.K. users. The requirement covers how much customers pay for digital assets, the amounts they sell for, and any profit or loss. HM Revenue & Customs (HMRC) will receive that information in 2027. Exchanges classified as “Reporting Crypto asset Service Providers” will ... (full story)
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