The UK government will implement new crypto tax rules from January 2026 to crack down on tax evasion.

Odaily reports that the UK's HM Revenue and Customs (HMRC) has released new guidance announcing new rules aimed at combating cryptocurrency tax evasion, effective January 1, 2026. According to the guidance, cryptocurrency exchanges operating in the UK must begin collecting detailed transaction records and complete information from all UK customers. HMRC will use the collected data to cross-check users' tax returns to ensure tax compliance, and violators will face sanctions. Furthermore, the UK's new guidelines align with the OECD's crypto-asset reporting framework, aiming to improve transparency in the digital asset market. (CoinDesk)