The UK will strictly investigate the taxation of encryption assets, and exchanges must report all user data starting in 2026.

Jinse Finance reports that the UK's HM Revenue and Customs (HMRC) has released new regulations stating that, starting January 1, 2026, all cryptocurrency exchanges operating in the UK must collect and maintain complete trading records of users and report them in full to HMRC by 2027, for the purpose of cross-referencing tax information and combating Crypto Assets tax evasion. UK tax experts warn that crypto users should organize their tax situation by the end of 2026 to avoid potential penalties.