UK cryptocurrency users may be fined if they fail to provide information

2025/07/09 18:35

PANews reported on July 9 that according to CoinDesk , British cryptocurrency users will need to submit information including full name, date of birth, address, country of residence and tax identification number to service providers from January 1, 2026 , otherwise they may face a fine of up to 300 pounds (about 408 US dollars). The UK Revenue and Customs ( HMRC ) said that this move is aimed at linking users' crypto asset activities with their tax records in order to calculate the amount of tax payable. The regulation applies to all companies classified as crypto service providers, including exchanges, wallet applications, NFT markets and crypto asset management services.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.