#UK crypto rules starting today (January 1, 2026):From now on, crypto exchanges and platforms (like
#Binance , Coinbase, etc.) that operate in the UK must start collecting and tracking your transaction data.
They'll report details like:
.Your buys, sells, swaps, and transfers
.How much you paid and received
.Your personal info (name, address, tax ID if needed)
This info goes straight to
#HMRC (the UK tax office) every year – first big report in 2027 covering all of 2026.Why? To stop people dodging taxes on crypto profits. HMRC will cross-check this with your tax returns to make sure you're paying Capital Gains Tax on any gains (like when you sell for profit).
Good news: This doesn't create new taxes – crypto has always been taxable in the UK. It just makes it harder to hide stuff.
What should you do?
.Keep good records of all your trades (costs, dates, etc.)
.Be honest on your tax return
.If you've got unreported gains from past years, consider coming clean voluntarily now (HMRC has a disclosure service – penalties are lighter if you do it first)
No more "crypto is secret" days.
#BinanceAlphaAlert #BTC90kChristmas $LIGHT
$ASTER $BNB