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    1. coinfeeds-bot on

      tldr; Starting January 1, 2026, the UK will require cryptocurrency firms to report detailed data on every customer transaction, including names, addresses, tax IDs, and trade specifics. This is part of the Cryptoasset Reporting Framework (CARF) to enhance tax transparency and combat evasion. Non-compliance may result in penalties of up to £300 per user. Foreign platforms serving UK customers will also be subject to these rules, reflecting the UK’s effort to regulate the crypto sector while supporting industry growth and consumer protection.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. AgitatedDragonfly769 on

      Can we please start with a report of everything stupid our government does.

    3. This was inevitable with the regulations and all countries will do it. So be careful where you buy from so you don’t get flagged or frozen. This is the reality.

    4. Unfortunately many countries are going to start following this. There’s an entire crypto reporting framework proposed by the OECD, of which there are many participating nations.

    5. They will likely still make lots of errors from the data they receive, just like the post office scandal

    6. Obsidianram on

      I seem to recall something called the *Panama Papers* that had troves of unreported transactions…

      Lead by example…

    7. 1HOTelcORALesSEX1 on

      Just look, it’s on the blockchain, no need to report it 🤷‍♂️

    8. 2070FUTURENOWWHUURT on

      Labour are such a bunch of stupid cunts really

      Telling everybody the UK is going to be the world’s crypto capital and all they can think to precipitate this is wheeling out crushing regulations, one after the other to put everybody off

      Liberal parties are such total fucking tools with anything to do with money, just unbelievably inept.

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