<ul><li>The UK plans to enforce crypto data collection under the OECD framework starting in 2026 to increase tax transparency and combat evasion in the cryptocurrency space.</li><li>The adoption of the Crypto-Asset Reporting Framework (CARF) aims to enhance transparency in cryptocurrency transactions, align with global tax standards, and prevent offshore tax avoidance.</li><li>Important dates to remember include 2026 for the start of data collection by UK-based and foreign crypto service providers and May 31, 2027, as the first deadline for annual reporting.</li><li>The new regulations affect UK tax residents and users from countries implementing CARF rules, requiring crypto firms to collect user identity details and transaction data, with penalties for non-compliance.</li></ul>

UK to Enforce Crypto Data Collection Under OECD Framework Starting in 2026

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