Beginning January 2026, Reporting Cryptoasset Service Providers (RCASPs) will be required to collect your user and transaction data and report to HMRC.

These changes fall under the Cryptoasset Reporting Framework (CARF), introduced by the OECD and now adopted by the UK to enhance transparency in crypto tax reporting. The rules will apply to both international and domestic activity.

Who Needs to Report:
Reporting will be required if a RCASP:

• Facilitates the buying, selling, or trading of cryptoassets
• Provides a platform or service that enables such activities