Starting January 1, 2026, cryptocurrency users in the U.K. will be mandated to provide specific personal information to crypto service providers to link their digital asset activities to tax records. This includes full name, date of birth, address, country of residence, and tax identification numbers. Non-compliance could result in penalties of up to £300 (approximately $408). The measure is introduced by HMRC to ensure proper tax calculation for crypto transactions. The requirement applies to all businesses classified as crypto service providers, encompassing exchanges, wallet apps, NFT marketplaces, and services managing crypto portfolios.

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