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PANews reported on January 1st that, according to the Financial Times, the UK and more than 40 other countries implemented new tax regulations for crypto assetsPANews reported on January 1st that, according to the Financial Times, the UK and more than 40 other countries implemented new tax regulations for crypto assets

More than 40 countries, including the UK, implemented new cryptocurrency tax rules on January 1, requiring exchanges to collect and report user transaction records.

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PANews reported on January 1st that, according to the Financial Times, the UK and more than 40 other countries implemented new tax regulations for crypto assets starting January 1st. Under the Crypto Asset Reporting Framework (CARF) developed by the Organization for Economic Cooperation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction information and tax residency status to HMRC (Her Majesty's Revenue and Customs).

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