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International Business Times UK
International Business Times UK
Business
Akshay Puri

HMRC's Plan to Track Every UK Crypto Trade Could Be the End of Crypto Privacy

HMRC now treats crypto exchanges like banks, automatically gathering user data on every trade. (Credit: Photo Credit: Freepik)

The UK government has begun to regulate digital currencies as part of its wider efforts to increase oversight of the industry. From 1 January 2026, all British residents engaging in cryptocurrency transactions will be required to provide detailed account information—including names and addresses—to HM Revenue and Customs (HMRC). The UK's tax authority is treating crypto exchanges similarly to banks, mandating that they report all trading activity carried out by their customers.

Crypto Enters the Same Reporting System as Banks

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