Cryptocurrency users in the UK will be required to provide certain information, or fines, for service providers related to their digital asset activities starting January 1, 2026.
Users must provide their full name, date of birth, address, country of residence and tax identification number.
Don’t do this Can give them a fine Up to 300 pounds ($408).
Income and customs under the Ma (HMRC) Indicates that this information will help users’ cryptographic activities relate to their tax records to determine how much taxes are due.
This requirement is related to the user’s transactions with all businesses classified as crypto service providers. These include communication, wallet apps, toothless tokens
Can help users manage markets and services that will help them manage their cryptocurrency portfolio.
Read more: Advisor’s encryption: This is tax time
