New Crypto Tax Rules Hit 40+ Countries as HMRC Targets Exchanges

A sweeping crackdown on crypto tax evasion took effect Thursday as the UK and 47 other countries launched mandatory transaction reporting for digital assets under new OECD-developed rules. According to Financial Times, major crypto exchanges must now collect complete transaction records for UK customers, including purchase prices, sale amounts, and profits, while simultaneously reporting users’ tax residency details to HM Revenue & Customs. The UK sits among the first wave implementing the Cryptoasset R ...