Global Crypto Tax Enforcement Tightens Ahead of 2026 CARF Rollout
TL;DR Summary
The UK has implemented new regulations requiring cryptocurrency users to share account details with HMRC to ensure proper tax compliance, including capital gains tax, with exchanges now responsible for automatically reporting user earnings to prevent tax evasion. The move aims to recover an estimated £300 million in unpaid taxes over five years and aligns with international efforts to regulate the crypto industry more effectively.
- Crypto users forced to share account details with tax officials BBC
- Crackdown on crypto tax evasion comes into force Financial Times
- Crypto Tax Reporting Requirements Set to Begin in UK and Europe PYMNTS.com
- Crypto Tax Apocalypse Unleashed: UK and Dozens Others To Enforce Strict Reporting Rules CCN.com
- Global Crypto Reporting Tightens as CARF Rollout Nears in 2026 Bitget
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