HMRC Wants UK Crypto Buyers’ Details

People using cryptocurrency services in the UK are now required to provide personal and tax identifying details to cryptoasset platforms, following new reporting rules that came into force on 1 January 2026.

What Are The Rules?

From the start of 2026, anyone buying, selling, transferring, or exchanging cryptoassets through a cryptoasset service provider must provide specific identifying information, or risk penalties. The change forms part of the UK’s implementation of the Cryptoasset Reporting Framework, commonly known as CARF, an international standard developed to improve tax transparency around cryptoassets.