Tag: UK
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CARF Enforcement Begins: UK and 40+ Nations Implement Global Altcoin Reporting Framework
The United Kingdom and over 40 participating nations have formally commenced enforcement of the Cryptoasset Reporting Framework (CARF)—a comprehensive global taxation initiative requiring altcoin exchanges and service providers to collect and report detailed user activity data to tax authorities. The framework, developed by the Organisation for Economic Co-operation and Development (OECD), officially took effect on January 1, 2026, fundamentally transforming how altcoin…
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United Kingdom Officially Recognizes Altcoins as Personal Property: Historic Legislation Strengthens Legal Protections and Asset Recovery
The United Kingdom Parliament has enacted landmark legislation establishing comprehensive legal recognition of altcoins and digital assets as personal property, fundamentally transforming how UK law addresses cryptocurrency ownership, inheritance, and asset protection. The Property (Digital Assets etc.) Bill represents a watershed moment for altcoin legal status—moving beyond regulatory ambiguity to establish clear categorization of Bitcoin , stablecoins, and other digital assets…