UK Budget Confirms New Crypto Reporting Rules from January 1

The UK government has confirmed in its 2025 Budget that it will implement new rules forcing cryptocurrency traders to report personal details to trading platforms from January 1 of next year. First introduced as part of an international agreement with the OECD, the Cryptoasset Reporting Framework (CAFR) requires cryptoasset service providers to provide HM Revenue & Customs with information on their customers, including cryptocurrency transactions and tax reference numbers. Published on Wednesday, this ye ...