{"id":157549,"date":"2025-05-19T16:08:10","date_gmt":"2025-05-19T13:08:10","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=157549"},"modified":"2025-05-19T16:09:11","modified_gmt":"2025-05-19T13:09:11","slug":"best-crypto-to-buy-now-as-uk-cracks-down-on-tax-reporting","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/best-crypto-to-buy-now-as-uk-cracks-down-on-tax-reporting\/","title":{"rendered":"Best Crypto to Buy Now as UK Cracks Down on Tax Reporting"},"content":{"rendered":"

The United Kingdom will be enforcing rigorous crypto transaction reporting obligations beginning in 2026. From these new rules<\/a><\/span>, crypto companies will be required to gather and report rich customer data for each transaction, such as names, addresses, tax identification numbers, and details of the involved crypto assets. This is intended to bring greater transparency and fight financial crimes in the crypto environment.<\/span><\/p>\n

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While the UK strengthens its regulations, the crypto space is due for dramatic changes. Cryptocurrency investors are now focusing on those cryptocurrencies that value compliance, transparency, and flexibility. In this new paradigm, finding the best cryptocurrency to buy now becomes imperative to stay ahead of the curve in the market.<\/p>\n

UK to Crypto Firms: \u201cSpill the Beans on Every Transaction or Pay Up\u201d<\/h2>\n

The UK just dropped a bombshell for crypto companies: starting January 1, 2026, they\u2019ll have to report every customer transaction\u2014down to the last satoshi.<\/p>\n

It\u2019s all part of a bigger crackdown to squeeze tax dodgers and shine a light on crypto\u2019s shadowy corners.<\/p>\n

Forget anonymity; firms must now collect your full name, home address, tax ID, crypto type, and transaction amounts. And it\u2019s not just for individuals\u2014businesses, trusts, and even charities using crypto platforms are under the microscope.<\/p>\n

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\ud83c\uddec\ud83c\udde7 New UK regulations mandate reporting ALL crypto transactions by 2026. <\/p>\n

Firms must report sender and recipient names, addresses, tax IDs & full trade details (token type, quantity, GBP value, & timestamp). Non-compliance may incur fines up to \u00a3300 per user.<\/p>\n

The UK is done.<\/p>\n

\u2014 Gordon (@AltcoinGordon) May 18, 2025<\/a><\/p><\/blockquote>\n