UK Crypto Chaos: Exchanges Unite Against New Tax Rules!
The UK, in glorious company with over 40 other countries, started enforcing these excitingly boring new crypto tax reporting rules on January 1 under the OECD’s Cryptoasset Reporting Framework, which we will affectionately call CARF. Exchanges now have the delightful task of collecting wallet activity, past transaction history, and tax information from UK users. And because that alone wasn’t thrilling enough, they must submit all this valuable data, as if it were headline news, directly to HM Revenue & Customs (HMRC).

