Yigit Taha OZTURK 
The days of unregulated crypto activity are rapidly fading. As digital assets move into the financial mainstream, governments are pushing for greater transparency — and the United Kingdom is taking a firm step in that direction.
All Crypto Transactions to Be Reported Starting 2026
Beginning January 1, 2026, UK-based crypto companies will be required to report all customer transactions, including trades and transfers. This is part of a broader initiative by the UK government to enhance crypto tax reporting and align with global standards.
The information to be collected and reported includes:
- Full legal name
- Home address
- Tax identification number
- Type of cryptocurrency used and the amount transferred
Additionally, entities like companies, trusts, and charities involved in crypto transactions will also fall under this reporting regime.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Non-compliance or inaccurate reporting may result in penalties of up to £300 ($398.4) per customer.
Transparency Without Compromising Growth
This move is part of the UK’s adoption of the OECD’s Crypto-Asset Reporting Framework, which aims to balance market innovation with regulatory oversight.
UK Chancellor Rachel Reeves emphasized that the country remains open to business but is closing its doors to fraud, abuse, and instability. In April, she also introduced a draft bill that brings crypto exchanges, custodians, and brokers within the regulatory perimeter to better combat scams and financial misconduct.
UK vs EU: Diverging Paths in Crypto Regulation
While the UK is integrating crypto regulation into its existing financial structure, the European Union has opted for a dedicated framework through MiCA (Markets in Crypto-Assets Regulation). One major difference is that the UK will allow foreign stablecoin issuers to operate without registration, and it won’t impose volume caps — unlike the EU, which may restrict large stablecoin operations to mitigate systemic risks.
A recent survey by the UK’s Financial Conduct Authority showed that 12% of UK adults now own crypto, up from 4% in 2021. With growing adoption, a well-regulated ecosystem is becoming essential.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.