cryptonew

​Key Insights:
UK crypto exchanges must collect and report user transaction data directly to HMRC under OECD CARF rules from Jan 1. Exchanges must record buy and sell prices, gains and taxpayer details, while cross-border sharing of data starts in 2027. UK is among the first 48 CARF adopters, and 75 countries have agreed to implement the framework.
​United Kingdom started a new phase of crypto tax enforcement, shifting more reporting duties to crypto exchanges and other service providers. The policy targets undeclared gains and income tied to buying, selling, and transferring cryptoassets, where tax authorities have said they see persistent underreporting.
​Crypto Tax News: CARF Rules
​Start in the United Kingdom
New reporting regulations took effect on January 1 in the United Kingdom and in a first wave of other jurisdictions adopting the OECD Cryptoasset Reporting Framework, also known as CARF. Under the rules, cryptoasset service providers must identify customers and capture standardized data on crypto transactions tied to UK residents and other participating countries.Source: X
​The crypto news reported that the United Kingdom is among an initial group of 48 countries moving first, while a broader set of jurisdictions has committed to the framework. The OECD model aims to align crypto reporting with existing tax information sharing standards used for traditional financial accounts.
​OECD monitoring documents say 75 jurisdictions have made political commitments to implement CARF, with first exchanges expected between 2027 and 2029. The United States is scheduled to start later than the early adopters under its planned timeline.
​What Crypto Exchanges Must Collect and Report
​Platforms that provide crypto exchange, brokerage, or custodial services must begin gathering information that links activity to a specific person or business. HMRC guidance says providers need core identity and tax residence details, including name, date of birth, home address, country of residence, and a National Insurance number or Unique Taxpayer Reference for UK residents.
​For non-UK residents, providers must capture a tax identification number and the issuing country, where available.
​For each reportable transaction, the rules require data on value, the cryptoasset involved, the type of transaction, and the number of units. Providers must also run due diligence steps to verify the accuracy of the information they record before submitting annual reports.
​How United Kingdom Plans to Enforce Crypto Tax Compliance
​HMRC is expected to use reported exchange data to compare declared figures against observed activity and to follow up where returns appear incomplete. Notably, HMRC expects the change to support the recovery of at least £300 million in unpaid tax over the next five years.
​The UK tax system already treats many crypto disposals as taxable events, including sales or exchanges that create gains above annual allowances.
​Separate compliance measures also aim to raise disclosure rates for earlier years. Tax advisers have said HMRC is promoting voluntary disclosure for past periods through a disclosure service for undeclared crypto gains, while also increasing outreach to suspected non-compliant taxpayers.
​International Exchange of Crypto Tax Data
​While platforms start collecting data in 2026, cross-border sharing of CARF information is scheduled to begin in 2027. UK government documentation says the United Kingdom is implementing CARF to support the first international exchanges of crypto tax data in that year. This will enable automatic sharing with partner tax authorities that also adopt the standard.
​The crypto news reported that major financial centers such as Singapore, Switzerland, and the United States are expected to join the information-sharing process later in the decade.
​Meanwhile, the Financial Conduct Authority continues consulting on conduct and market standards for crypto firms. It also follows UK United States coordination through a transatlantic task force announced in September 2025.#CryptoNewss #UKCryptoTax #CryptoNew #WriteToEarnUpgrade #UKCrypto $BTC
$BNB
$ETH

The Flow blockchain has officially advanced its $3.9 million recovery effort into Phase Two, marking a critical step in addressing the recent exploit. While this progression reflects proactive governance and technical coordination, key risks—particularly at the exchange level—still remain ⚠️.

🔧 Phase Two: Progress, Not Closure

Phase Two focuses on continued fund recovery, validation of affected transactions, and coordination with ecosystem partners. This move signals that the core development team is actively working to stabilize the network and restore confidence 🛠️. However, the recovery process is not yet complete, and outcomes remain dependent on external cooperation.

🏦 Exchange-Related Risks Persist

Despite on-chain progress, exchange risks continue to weigh heavily on market sentiment. Some centralized exchanges have maintained restrictions on deposits and withdrawals, limiting liquidity and increasing uncertainty for token holders 🔒. These constraints can delay normalization and amplify volatility, even as technical recovery advances.

📉 Market Impact and Investor Confidence

The FLOW token has already faced significant downside pressure following the exploit, and the transition into Phase Two has not fully alleviated investor concerns. Markets tend to price certainty and access above intentions, and until exchange operations fully resume, confidence is likely to remain fragile 📊.

🧠 Final Outlook

Flow’s move into Phase Two is a constructive development, but it should be viewed as a step forward, not the finish line. Sustainable recovery will require transparent communication, full exchange reinstatements, and clear timelines. Until then, FLOW may continue to trade under heightened risk conditions despite ongoing recovery efforts.

📌 Key takeaway: Technical recovery is essential, but market trust returns only when access, liquidity, and clarity are fully restored.

#FLOW #CryptoNew #BlockchainSecurity #DEFİ 🚀

Svět kryptoměn je teď v plném proudu! 🌍💥 Zakladatel Binance Changpeng Zhao (CZ) právě potvrdil bezpečnostní incident týkající se Trust Wallet, a tato zpráva dělá vlny po celém odvětví.

Podle oficiálního potvrzení byl Trust Wallet hacknut, což vedlo k odcizení přibližně 7 000 000 $ 💸😱. Incidenty jako tento přirozeně vyvolávají obavy o bezpečnost, transparentnost a ochranu uživatelů v rychle se měnícím světě kryptoměn. Ale tady je část, která skutečně vyniká 👇
✅ Trust Wallet se postavil na nohy.