UK encryption users are threatened with a fine of 300 pounds for their failure to provide specific information

UK weep users will be asked to provide specific information to service providers related to digital asset activity from January 1, 2026, or a fine.

Users must provide their full name, date of birth, address, country of residence, and tax identification numbers.

Not doing so It can drop a punishment for them Up to 300 pounds ($ 408).

His Majesty’s revenues and customs (HMRC) He said that the information will help linking the encoding activity to users to their tax record to unify the amount of the payment tax.

The condition relates to user transactions with all classified companies such as encryption service providers. These include exchanges, wallet applications, and unique unique symbol

Markets and services that help users manage their encryption portfolios.

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