British crypto regulation: reporting obligation for all transactions from 2026
The British government has announced far -reaching changes for the cryptoma market. From January 1, 2026, crypto companies will be obliged to report all customer transactions to the tax authorities. This initiative is part of a comprehensive project to increase the transparency in crypto tax reporting and aims to combat tax evasion in the area of digital assets more effectively.
Comprehensive reporting obligations for crypto companies
The new regulations concern all companies that offer crypto services in the United Kingdom, including stock exchanges, brokers, wallet providers and other platforms. In the future, these not only have to document every transaction, but also record extensive customer data: the complete name, the date of birth, the home address, nationality and the tax identification number of each user.
Photo: Clickout Media
In addition, detailed information about each transaction is required: the type of cryptocurrency, the amount of the transmitted asset as well as transaction type and gross proceeds must be documented. This obligation applies not only to companies based in Great Britain, but also to foreign providers that serve British customers. The first message must be made by May 31, 2027 for the calendar year 2026, then annually until May 31 for the previous year.
UK regulation compared to EU approach Mica
The British tax authorities have defined clear sanctions for non-compliance with these requirements: a late, incomplete or incorrect message should be punished with fines of $ 300. Crypto service providers are therefore encouraged to develop solutions in good time that ensure a legally compliant implementation of these requirements.
Users in Germany and the EU are largely untouched by these specific British provisions, since in the European Union there is already a separate regulatory framework with the Markets in Crypto-Assets Regulation (Mica). A significant difference: In the EU there is a registration obligation for foreign stablecoin providers and possible location-related volume restrictions in retail to minimize retail-side risks. Overall, the EU framework offers a more uniform and comprehensive regulatory clarity.
Btcbull Presale: Alternative with Airdrop strategy
In view of the increasing regulation and increasing demands on transparency in the crypto sector, many investors are looking for innovative solutions. In this context, the Btcbull project is increasingly gaining attention that offers an early investment option with its upcoming Presale.
The btcbull token
is the native token of the Btcbull ecosystem and is mainly used to qualify for Bitcoin Airdrops. The Bitcoins is a reward when the Bitcoin price breaks through the $ 150,000 and $ 200,000 marks, with other airdrops in 50,000 steps. The amount of Bitcoins obtained depends on the number of Btcbull tokens in their own portfolio. In addition, the project implements a token-burn system that is activated when the $ 125 and $ 175 and $ 175, which means that the offer is snapped and the value of the remaining tokens potentially increases.
Directly to the official BTC Bull token website!
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