UK Statutory Instrument SI 2025/744 United Kingdom

The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025

Read it on legislation.gov.uk (opens in a new tab)
Status
In Force
Penalty ceiling
Prosecution 1 of 4 obligations carry a fine up to £5,000. 3 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Operator4

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Operator — also bound by 746 other Acts

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.004 Due diligence and record-keeping Regulated
  • Apply due diligence and keep records for five yearsOperator
s.006 Reporting of Information Prosecution
  • Report cryptoasset transactions to HMRC annuallyOperator

Fine up to £5,000

s.008 Notification to reportable users and reportable persons Regulated
  • Notify reportable users and persons of data reporting to HMRCOperator
s.010 Registration with HMRC: UK reporting cryptoasset service providers Regulated
  • Register with HMRC as a UK reporting cryptoasset service providerOperator
22 other provisions — procedural and definitional
s.001 Citation and commencement
s.002 Interpretation
s.003 UK reporting cryptoasset service provider
s.005 Provision of a valid self-certification
s.007 Electronic report system
s.009 Provision of information to HMRC
s.011 Penalties for failure to apply due diligence procedures
s.012 Penalties for failure to comply with record-keeping requirements
s.013 Penalties for failure to provide a valid self-certification
s.014 Penalties for late reports
s.015 Penalties for inaccurate or incomplete reports
s.016 Penalties for failure to provide notification to reportable users and reportable persons
s.017 Penalties for failure to provide information to HMRC
s.018 Penalties for failure to register with HMRC
s.019 Liable persons
s.020 Reasonable excuse
s.021 Duplication of liability to penalties
s.022 Assessment of penalties by HMRC
s.023 Time limit and treatment of penalties
s.024 Right to appeal against penalty assessments
s.025 Procedure on appeal
s.026 Anti-avoidance

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.