PANews reported on May 17 that according to DL News, according to a new regulation introduced by the UK tax authorities, crypto asset companies operating in the UK will be required to collect and report detailed user and transaction data from January 1, 2026. Crypto platforms must identify each user and record their legal identity information, address, and taxpayer identification number. In addition, the platform must record every transaction involving UK users or users from other CARF participating countries, including details such as transaction amount, asset type, quantity, and nature of transfer. These requirements also apply to overseas companies that provide services to UK customers. If the reported information is incorrect or incomplete, each user may be fined up to £300.