I have literally just tried to start learning about Bitcoin as I am interested in investing and today I see an article in the news stating: 'holders of bitcoin will be forced to declare their earning as from January 1st 2026 investment platforms are required to collect information to the tax authorities under a cryptoasset reporting framework (Carf).'
I believe this is relevant to the UK.
The article did not specify anything more than this vague information and it left me very confused, as it seemed to me from what I read so far that the nature of Bitcoin itself would not allow for such a thing. Does anyone know if this may be true, and if yes, how would this be enforced?
Bitcoin holders *forced* to declare earnings… True?
byu/Slight-Shower6842 inBitcoinBeginners
Posted by Slight-Shower6842
2 Comments
Exchanges can report what they know. They can’t report what they don’t know.
Dunno what’s true for UK people in terms of taxes.
In terms of enforcement, every transaction you make via a CEX is reported to the tax authorities. Every transaction you make on the blockchain is likewise known via blockchain analytics.
Nothing to stress about; just don’t attempt to commit tax evasion.