2026 Will Be A BAD YEAR For The Crypto Market!!

"from the 1st of January 2026, crypto exchanges, brokers, and custody style platforms serving UK customers will start collecting detailed user transaction data. And that data will be handed over to His Majesty's Revenue and Customs or HMRC, the UK's tax authority."

"the first one due by the 31st of May 2027 covering everything that happened in calendar year 2026."

"every member state will offer an EU digital identity wallet by the end of 2026."

"The European Commission's timeline states that countries must transpose it by the 31st of December 2025, apply it from the 1st of January 2026, and 2026 is the first reporting year."

"Firms operating under national rules before the 30th of December 2024 may keep operating until the 1st of July 2026 or until they're granted or refused authorization."

"For all trades made in 2025, brokers and exchanges are going to report customers digital asset sales to the IRS, similar to what's set to be implemented in the UK and EU. Those forms start landing in early 2026."

"And 2026 is the big year that sees this system start. The OECD's latest calf commitment list shows a big group of jurisdictions aiming to start exchanging calf data in 2027. So 2026 becomes the first big capture year and 2027 is when the crossber file swapping starts."

"27 jurisdictions are lining up to join in 2028, including Australia, Canada, Hong Kong, Singapore, and the UAE. Currently, the US is set to undertake first data exchanges in 2029."

"In the UK, HMRC sent nearly 65,000 nudge letters in a single tax year to people it suspected weren't reporting crypto properly. And sure enough, the new CF style reporting coming in 2026 will give HMRC easier access to exchange data."

"DEX to CEX spot trading ratio has soared over the past 5 years, rising from just 6% in January 2021 to 21% by November 2025. Notably, that ratio peaked back in June of this year at over 37%. The next phase of that isn't necessarily that dexes replace sexes, but dexes are in a good position to steadily take more and more market share as they've proven they can."

"It could therefore become harder to trade these coins as big exchanges back away from anything that makes compliance difficult. So while privacy coins can pump hard as Zcash recently demonstrated in glorious fashion, they also carry liquidity and exit risk as the list of easy on and off ramps shrinks."