Cryptocurrency users in the United Kingdom will have to provide certain information to service providers relating to their digital asset activity from January 1, 2026, or risk a fine.
Users must provide their full name, date of birth, address, residence country and tax identification number.
Not doing it could have a penalty of up to 300 pounds ($ 408).
His Majesty’s income and customs (HMRC) said information will help the cryptographic activity of users linked to their tax file to determine the amount of tax to be paid.
The requirement concerns user relationships with all companies classified as cryptographic service providers. These include exchanges, portfolio applications, non -bubbler token
The markets and services that help users manage their cryptographic portfolios.
Read more: crypto for advisers: it’s tax time
