UK's Crypto Clampdown Begins

In a bid for transparency, the UK will require crypto firms to report detailed customer transaction info from Jan 2026, including names, addresses, and tax IDs. This aligns with global frameworks but is stricter than the EU's MiCA policies. Non-compliance could mean fines. @RachelReevesUK emphasizes this is about embracing crypto with checks against fraud. It's a bold move against crypto's shadowy rep. In 2024, 12% of UK adults owned crypto. This regulation aims to channel crypto growth safely. Ready yourselves, UK crypto. Big Brother is watching!