PANews reported on November 29th that, according to CoinDesk, the UK's HM Revenue and Customs (HMRC) has issued new regulations requiring cryptocurrency exchanges operating in the UK to begin collecting complete transaction records from all their UK customers from January 1, 2026, and sharing this data with HMRC the following year. HMRC will use the collected data to verify tax returns, ensure compliance, and penalize violations. This new HMRC guidance aligns the UK with the OECD's Crypto Asset Reporting Framework (CARF), which aims to improve transparency in the rapidly growing digital asset market and is already being implemented in countries and regions such as the EU, Canada, Australia, Japan, and South Korea.