UK Crypto Users Start Sharing Their Account Details with Tax Body
UK crypto traders will face tighter reporting rules from the start of the year as tax authorities move to close long-standing gaps in compliance. As of 1 January, individuals using crypto platforms must provide complete account information, or risk incurring penalties. The changes form part of a broader effort by HMRC to ensure taxes linked to crypto activity are properly paid. Under the new framework, HMRC will begin receiving detailed and regular information directly from crypto exchanges. These platforms operate as the main gateways for buying, selling, and holding digital coins, much like banks do for traditional money. The move…





