Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
UK Government to Start Cracking Dow
Policy
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail
UK Government to Start Cracking Dow
UK Government to Start Cracking Down on Crypto Tax Avoidance in January
UK Government to Start Cracking Down on Crypto Tax Avoidance in January
The U.K. released new guidelines that include rules for crypto exchanges to start providing the British tax authority with full customer information on all their digital assets.
By Olivier Acuna|Edited by Aoyon Ashraf
Nov 28, 2025, 5:14 p.m.
HMRC has released the framework that crypto exchanges must follow in 2026 as it begins to crack down on digital asset taxes.
What to know:
- Starting January 1, 2026, U.K. crypto exchanges must collect detailed transaction data from users to comply with new HMRC rules.
- The collected data will be used by HMRC to cross-check tax returns and ensure compliance, with sanctions for non-compliance.
- The U.K.'s new guidelines align with the OECD Crypto-Asset Reporting Framework, promoting transparency in the digital asset market.
U.K. resident users of major cryptocurrency exchanges will kick off the New Year with detailed transaction data automatically collected as the country’s authorities prepare to crack down on tax avoidance.
According to the new HM Revenue & Customs (HMRC) rules, crypto exchanges operating in the United Kingdom are required to start collecting the full transactional record from Jan. 1, 2026, of all their U.K. customers.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den State of Crypto Newsletter. Alle Newsletter ansehen
Melden Sie mich an
“With platforms set to keep a record of this information from January 1, 2026, ahead of sharing it with HMRC the year after, the tax office will be able to cross-check tax returns against the data they’ve received,” Seb Maley, CEO of tax insurance provider Qdos, told FT.
British tax experts say that this gives crypto users, traders, and investors until the end of 2026 to get their digital asset affairs in order to avoid sanctions.
The new HMRC guidelines align the U.K. with the OECD Crypto-Asset Reporting Framework (CARF), which is designed to bring greater transparency to the fast-growing digital asset market and is already being rolled out in the European Union, Canada, Australia, Japan, and South Korea, among others.
Crypto exchanges, classified as "Reporting Cryptoasset Service Providers," must send the information in full detail directly to the HMRC in 2027. That data will enable the HMRC to determine the amount of tax crypto users must pay. The HMRC will sanction non-compliant platforms.
“This marks a major shift in how crypto trading is monitored from a tax perspective,” Maley told FT.
Read more: UK Proposes ‘No Gain, No Loss’ Tax Rule for DeFi in 'Major Win' for Users
HMRCUnited KingdomCrypto TaxesOECD
Mehr für Sie
Protocol Research: GoPlus Security
Commissioned byGoPlus
Was Sie wissen sollten:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
View Full Report
Mehr für Sie
State of Crypto: Kalshi and Prediction Markets Face a Setback
The court cases will continue for the moment.
Ganze Geschichte lesen
Latest Crypto News
Strategy CEO: Equity and Debt Flexibility Power Long-Term Bitcoin Accumulation Plan
Crypto Payments Firm Truther to Launch Non-Custodial USDT Visa Card in El Salvador
State of Crypto: Kalshi and Prediction Markets Face a Setback
‘Privacy Is the Immune System of Freedom’: Crypto Advocacy Sparks Uproar in São Paulo
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research
Top Stories
Bitcoin's 'Coinbase Premium' Flips Positive After Weeks in the Red
Why Gold Is Winning Over Bitcoin in 2025: Liquidity, Trade, and Trust
State of Crypto: Kalshi and Prediction Markets Face a Setback
‘Privacy Is the Immune System of Freedom’: Crypto Advocacy Sparks Uproar in São Paulo
Bitcoin Pricing in 'Most Bearish Global Growth Outlook' Since Covid and FTX Crash: Bitwise Research
Bitcoin in Modest Rally Mode After Thanksgiving as December Fed Rate Gets Locked In
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Visa Expands USDC Stablecoin Settlement For US Banks
The post Visa Expands USDC Stablecoin Settlement For US Banks appeared on BitcoinEthereumNews.com. Visa Expands USDC Stablecoin Settlement For US Banks
Share
BitcoinEthereumNews2025/12/17 15:23
Nasdaq Company Adds 7,500 BTC in Bold Treasury Move
The live-streaming and e-commerce company has struck a deal to acquire 7,500 BTC, instantly becoming one of the largest public […] The post Nasdaq Company Adds 7,500 BTC in Bold Treasury Move appeared first on Coindoo.
Share
Coindoo2025/09/18 02:15
Curve Finance votes on revenue-sharing model for CRV holders
The post Curve Finance votes on revenue-sharing model for CRV holders appeared on BitcoinEthereumNews.com. Curve Finance has proposed a new protocol called Yield Basis that would share revenue directly with CRV holders, marking a shift from one-off incentives to sustainable income. Summary Curve Finance has put forward a revenue-sharing protocol to give CRV holders sustainable income beyond emissions and fees. The plan would mint $60M in crvUSD to seed three Bitcoin liquidity pools (WBTC, cbBTC, tBTC), with 35–65% of revenue distributed to veCRV stakers. The DAO vote runs from up to Sept. 24, with the proposal seen as a major step to strengthen CRV tokenomics after past liquidity and governance challenges. Curve Finance founder Michael Egorov has introduced a proposal to give CRV token holders a more direct way to earn income, launching a system called Yield Basis that aims to turn the governance token into a sustainable, yield-bearing asset. The proposal has been published on the Curve DAO (CRV) governance forum, with voting open until Sept. 24. A new model for CRV rewards Yield Basis is designed to distribute transparent and consistent returns to CRV holders who lock their tokens for veCRV governance rights. Unlike past incentive programs, which relied heavily on airdrops and emissions, the protocol channels income from Bitcoin-focused liquidity pools directly back to token holders. To start, Curve would mint $60 million worth of crvUSD, its over-collateralized stablecoin, with proceeds allocated across three pools — WBTC, cbBTC, and tBTC — each capped at $10 million. 25% of Yield Basis tokens would be reserved for the Curve ecosystem, and between 35% and 65% of Yield Basis’s revenue would be given to veCRV holders. By emphasizing Bitcoin (BTC) liquidity and offering yields without the short-term loss risks associated with automated market makers, the protocol hopes to draw in professional traders and institutions. Context and potential impact on Curve Finance The proposal comes as Curve continues to modify…
Share
BitcoinEthereumNews2025/09/18 14:37