HM Revenue & Customs said it has recovered more than £8 million in tax through settlements with crypto investors since launching a crypto tax compliance drive in November 2023. Over the past two years, the agency reached disclosure settlements with 502 investors, with an average settlement value of about £16,600. In the 2024/25 tax year, 280 cases were settled for £3.54 million, while 222 settlements in 2025/26 brought in about £4.78 million. HMRC also sharply increased its outreach, sending 64,982 reminder letters to crypto investors in 2024/25, up 680% from three to four years earlier. The disclosure comes as the UK joins the OECD’s Crypto-Asset Reporting Framework, under which crypto service providers will be required from January 2026 to collect users’ identity and transaction data and report it to authorities. HMRC said roughly 8% of UK adults, or about 4.5 million people, currently hold crypto assets.

The UK will enforce the Cryptoasset Reporting Framework (CARF) from January 2026, mandating exchanges to report user data to HMRC with fines of £300 per violation. India's 30% crypto tax has driven TDS revenue up 41% year-on-year despite a 50-90% drop in domestic trading volume.

A new UK-focused exchange guide says FCA registration, CARF tax reporting from January 2026, and the lack of FSCS protection are now the main filters for crypto users choosing a platform.

Digital asset law in 2026 is moving into execution. The US is advancing the Clarity Act, China is tightening control over yuan stablecoins and RWA tokenization, and the UAE is refining licensing and stablecoin rules.

Hong Kong plans to bring about 8,000 additional financial institutions into its crypto tax reporting system, with the rules set to take effect on January 1, 2027 and first exchanges due in 2028.

Greece is drafting a crypto tax bill that would impose a 15% capital gains tax on investment profits, exempt the first €500 of gains, and exclude personal mining from taxation.

Colombia’s tax authority DIAN will begin mandatory crypto reporting in January 2026 under Resolution 000240, requiring exchanges and trading apps to submit user identity, transaction, and asset value data.

As of Jan 1, 2026, 48 countries began collecting crypto tax data under the OECD's CARF framework. First wave includes UK, EU members, Japan, South Korea, Brazil, South Africa. Privacy coin sector rose 20.3% in December 2025, Zcash up 712% YoY.