UK Crypto Update: Completing the CARF Jigsaw

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Following a series of consultations, in June 2025 His Majesty’s Revenue and Customs (“HMRC”) published a policy paper titled ‘Implementation of the Cryptoasset Reporting Framework’. The paper sets out the United Kingdom’s (“UK”) approach to implementing new rules on reporting information related to crypto-asset transactions. The rules mark a significant step in advancing tax transparency and compliance for crypto-assets….
By: Cadwalader, Wickersham & Taft LLP
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