UK to Impose Fines for Concealing Crypto Asset Information
Starting January 1, 2026, the UK’s tax authority will begin monitoring information about crypto asset owners for tax calculation and assessment. This is outlined in the updated guidance from the regulator. The agency categorizes crypto assets as: exchange tokens, including Bitcoin; non-fungible tokens (NFTs); utility tokens; stablecoins; tokenized real-world assets. Tax calculations may also apply […]