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flag UK crypto owners must report personal details for tax compliance, facing fines starting 2026.

flag Starting January 2026, UK cryptocurrency owners must provide personal details to their crypto service providers to ensure correct tax payments on profits, with non-compliance risking a £300 fine. flag This initiative, known as the Cryptoasset Reporting Framework, aims to tackle tax evasion and raise up to £315 million by 2030. flag Service providers may also face penalties for failing to report data accurately.

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