UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction DataThe UK government has instructed crypto firms to collect user details including transaction data under the Crypto Asset Reporting Framework (CARF). The UK officials have said that crypto companies found in violation of these laws can invite penalties of up to GBP 300 (roughly Rs. 35,000).
Source: UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data (https://www.gadgets360.com/cryptocurrency/news/uk-crypto-reporting-guidelines-carf-collect-transaction-data-8489724#rss-gadgets-all)