Due diligence and record-keeping
- Apply due diligence and keep records for five years Operator
UK Statutory Instrument
2025
United Kingdom
The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025
At a glance
What's here
4 compliance obligations
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Operator 4
Other Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Operators also bound by 730 other Acts (top 5 shown)
- Regulation (EU) No 965/2012 (Air Operations) 2012 138 duties
- Commission Implementing Regulation (EU) 2018/2066 of 19 December 2018 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council and amending Commission Regulation (EU) No 601/2012 (Text with EEA relevance) 2018 121 duties
- Commission Regulation (EU) No 601/2012 of 21 June 2012 on the monitoring and reporting of greenhouse gas emissions pursuant to Directive 2003/87/EC of the European Parliament and of the Council (Text with EEA relevance) (repealed) 2012 112 duties
- Space Industry Regulations 2021 2021 75 duties
- Regulation (EU) 2016/429 of the European Parliament and of the Council of 9 March 2016 on transmissible animal diseases and amending and repealing certain acts in the area of animal health (‘Animal Health Law’) (Text with EEA relevance) 2016 66 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Reporting of Information
- Report cryptoasset transactions to HMRC annually Operator
Notification to reportable users and reportable persons
- Notify reportable users and persons of data reporting to HMRC Operator
Registration with HMRC: UK reporting cryptoasset service providers
- Register with HMRC as a UK reporting cryptoasset service provider Operator
Browse 22 other sections — procedural / definitional / commencement
Citation and commencement
Interpretation
UK reporting cryptoasset service provider
Provision of a valid self-certification
Electronic report system
Provision of information to HMRC
Penalties for failure to apply due diligence procedures
Penalties for failure to comply with record-keeping requirements
Penalties for failure to provide a valid self-certification
Penalties for late reports
Penalties for inaccurate or incomplete reports
Penalties for failure to provide notification to reportable users and reportable persons
Penalties for failure to provide information to HMRC
Penalties for failure to register with HMRC
Liable persons
Reasonable excuse
Duplication of liability to penalties
Assessment of penalties by HMRC
Time limit and treatment of penalties
Right to appeal against penalty assessments
Procedure on appeal
Anti-avoidance
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