The United Kingdom HM Revenue and Customs May 14 issued a guidance on the data collection and reporting obligations for reporting crypto-asset service providers (RCASPs) under the OECD Crypto-Asset Reporting Framework (CARF). The guidance includes that: 1) all U.K.-based RCASPs must collect and report information about users and transactions, from Jan. 1, 2026; 2) covered RCASPs include exchanges, brokers, and dealers that facilitate crypto-asset trades or provide a means for users to trade crypto-assets; 3) reports may be due May 31, 2027, based on the information collected; 4) RCASPs must register online and inform users that their information will be ...
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