CryptoUK

We're excited to announce that a new coalition of UK industry bodies, including CryptoUK, Crypto Council for Innovation, UK Cryptoasset Business Council (UKCBC), UK Finance, Global Blockchain Business Council (GBBC), Global Digital Finance, and ICAEW, is collaborating to support the crypto community in adapting to the Crypto Asset Reporting Framework (CARF). Read the contents of our joint letter below 👇 The introduction of the Crypto Asset Reporting Framework (CARF) represents one of the most significant changes to tax transparency reporting since the OECD introduced the Common Reporting Standard. On 13 January 2025, the OECD Global Forum published an update on the 65 jurisdictions that have committed to implementing the Crypto Asset Reporting Framework (CARF). CARF will require a “reportable crypto asset service provider” (RCASP) to provide information on their users to tax administrations globally. The introduction of CARF will commence on 1 January 2026 (or earlier), which presents unique challenges to RCASPs. This recent TAXline article, “What’s CARF got to do with it” provides further details on the implementation of CARF. New challenges require new approaches. We are pleased to announce that, as an industry first in the UK, we will be working together for the first time. As a collective voice, we will: - Endeavour to reduce uncertainty in the wider crypto community around CARF, particularly the obligations on cryptoasset owners. We will do this by developing a suggested wording for the necessary self-certificate(s) that members can use and that we can propose to the OECD to consider as a best practice. - Publish information for the crypto community on CARF, including a self-certificate and how crypto users can respond to reduce the potential of scammers to use this as an opportunity to conduct phishing attacks or hacks. - This will provide a strong response for the industry, and by aligning views, we will be able to combine our efforts to maximum effect to respond to the practicalities and challenges of CARF. We aim to make this as easy as possible for the members of each of our respective bodies. It must be noted that the prescribed requirements of the CARF cannot be changed at this point by any country that has signed the agreement. Instead, each jurisdiction can provide education and support for the requirements. Our forum seeks to ensure that the UK has the materials and resources that are as effective for our industry as possible. We also intend to support the industry by working with HMRC to help them understand the challenges that taxpayers face with respect to ‘getting it right’. Lastly, this group will follow a solutions-first approach to the challenges and is not seeking to influence or change policies towards CARF. Regards Signed: CryptoUK Crypto Council for Innovation UK Cryptoasset Business Council UK Finance Global Blockchain Business Council Global Digital Finance ICAEW

CryptoUK have been partnering with Brunel University of London, alongside (members) QI Digital, Bitstamp and Kingston University in a research project to explore the advancement of digital currencies (crypto) as a viable payment method. Today we attended a roundtable discussion, generously hosted by Travers Smith, to discuss some of the initial research findings and address some of the questions arising from the early stages, specifically around opportunities, challenges and adoption from the retail consumer and merchants. We were joined by industry representatives, trade bodies, regulators, charities, communications specialists and academia and it provided an open and insightful discussion opportunity to start to openly review some of the critical questions to inform the research outputs. Whilst this research is still progressing, there is still the opportunity to provide your feedback to the fieldwork here: 👉 https://lnkd.in/dmmmPE-a (I am sure I will miss many of you in this post so apologies) but it was great to share the discussion with: Gurnam Selvarajah, Monomita Nandy, Suzanne Morsfield, PhD CPA, Megan Ruddlesden, Mann Matharu, Ian Silvera, Dr Liang Tang, Polly Tsang, Natalie Lewis, James Turner, Harry Millerchip, John Lee, Suman Lodh, Peter Cornforth, Claire Conby

New member 🥳 We’re excited to welcome Cripps to the CryptoUK membership community! With a growing network of 100+ members, CryptoUK continues to bring together forward-thinking organisations driving innovation in digital assets and blockchain technology. As a top 100 UK law firm providing corporate, real estate, litigation and private client services to businesses and individuals, their expertise will be invaluable in shaping the future of the UK’s digital asset landscape. With offices in London, Kent and West Sussex, the firm offers an integrated team of more than 500 people. Cripps is committed to delivering exceptional client service, solving their problems and championing their ambitions and making a positive and lasting difference. Irfan Baluch is a Partner at Cripps, who specialises in technology, intellectual property, AI and software. With over 20 years of legal experience, Irfan brings a unique perspective to his practice, having previously worked as an engineer and software developer. His deep understanding of the tech sector is invaluable to clients, particularly in disruptive technologies. Notably, Irfan has acted for a leading British cryptocurrency since its ICO in 2017, providing strategic advice and support. Cripps Partner, Irfan Baluch, commented: "I’m delighted to announce that Cripps has joined CryptoUK, the UK’s leading trade association for digital and crypto assets. Since 2017, CryptoUK has represented over 100 members, working closely with the UK Government, policymakers, and regulators—including the FCA, HM Treasury, HMRC, and the Bank of England—to advocate for fair and balanced policies. Our collective mission is to shape a regulatory framework that supports innovation while aligning with the government’s vision of the UK as a global leader in cryptoasset technology. I look forward to collaborating with fellow members and contributing to our shared goals." CryptoUK Executive Director, Su Carpenter, added: "We are thrilled to welcome Cripps to the CryptoUK community. Their deep expertise in the crypto sector will provide invaluable insights to our working groups and strengthen our engagement with UK policymakers and regulators. We look forward to their contributions as we work together to shape the future of the UK’s crypto and digital asset landscape." The UK is at a pivotal moment in the transition to a digital economy, with innovation and technology set to drive the next wave of economic growth. Digital currencies can enhance efficiency, improve transparency, and unlock new opportunities across multiple sectors. At CryptoUK, we help organisations navigate this evolving landscape, offering access to policy engagement, expert-led working groups, speaking opportunities, and exclusive networking events. Whether you're a global enterprise or an emerging startup, our membership provides the platform to engage, collaborate, and shape the future of digital assets 👉 https://cryptouk.io/

CryptoUK members Solidus Labs are bringing their flagship event DACOM EU 2025, to Amsterdam on March 11, 2025. The summit will bring together regulators, industry leaders, compliance experts, and legal professionals to explore the practical application of MiCA, trade surveillance best practices, market integrity and stablecoins, and how firms are adapting to evolving regulations. 📅 Space is limited, so apply to attend now 🔗: https://lnkd.in/dPcqpNEF https://lnkd.in/eHZn8Jg3

CryptoUK is delighted to be supporting DigiAssets Conference, the premier institutional digital assets conference, connecting you with digital assets leaders from Europe’s top financial institutions. Join buy side heads from the biggest asset allocators, private banks, and hedge funds, for a two-day event exploring the latest and greatest innovations in the fast-evolving digital assets market. Join 30+ carefully curated sessions led by the top thinkers and innovators in the institutional digital asset space including central banks, regulators, buy side firms and all the leading providers, to gain practical insights on:  The latest developments in market infrastructure and interoperability that will support the scalability of fund tokenization.  Innovative digital cash and settlement solutions, as well as the future of stablecoins and wholesale CBDCs.  The latest policy and regulatory developments in digital assets and DLT across key jurisdictions. CryptoUK members can benefit from a discounted ticket price by contacting us at [email protected] See the agenda for the full speaker line-up, key topics being covered as well as all the networking and interactive learning opportunities. https://lnkd.in/eM46pVsy

Always a pleasure to meet the HM Treasury policy team to ensure we get this right for the #UK. Look forward to seeing you Tom Mead & William Morello again soon.

New member 🥳 We’re thrilled to welcome Alzheimer's Research UK to the CryptoUK membership community! As they explore how digital assets and blockchain technology can support their mission to fund groundbreaking dementia research, we look forward to being part of their journey. With a thriving network of 100+ members, CryptoUK continues to unite forward-thinking organisations driving innovation in digital assets and blockchain technology. Almost one million people are living with dementia today. Tragically, not one of them will survive. Alzheimer’s Research UK exists to change that. As the UK’s leading dementia research charity, they are working to revolutionise the way we treat, diagnose and prevent dementia. And then, we will find a way to cure it. To do this, they’re investing in the best research, powering the most forward-thinking scientists and joining forces with world-class organisations. With the public's support, they promise to not stop until dementia can no longer destroy lives. CryptoUK Executive Director, Su Carpenter, commented: "We are delighted to welcome Alzheimer's Research UK to the CryptoUK community. As crypto and digital asset adoption continues to grow in the UK, we fully support organisations leveraging this technology to enhance their operations and pioneer new ways to fund critical research." Katy A., Senior Online Fundraising Officer at Alzheimer's Research UK, added: “Crypto and digital asset philanthropy is an exciting and relatively new fundraising avenue for Alzheimer's Research UK, accepting our first crypto donations in 2023. With the government's goal of establishing the UK as a global leader in cryptoasset technology and the growing usage of digital currencies, it’s important for Alzheimer’s Research UK to continue developing our expertise in this space. We’re thrilled to join CryptoUK and look forward to working with the community to help us accelerate progress toward a cure for dementia.” The UK is at a pivotal moment in the transition to a digital economy, with innovation and technology set to drive the next wave of economic growth. Digital currencies can enhance efficiency, improve transparency, and unlock new opportunities across multiple sectors. At CryptoUK, we help organisations navigate this evolving landscape, offering access to policy engagement, expert-led working groups, speaking opportunities, and exclusive networking events. Whether you're a global enterprise or an emerging startup, our membership provides the platform to engage, collaborate, and shape the future of digital assets 👉 https://cryptouk.io/

Team CryptoUK were out in force this morning. Taking the opportunity to do what we do best - discussing legislation, regulation and taxation with the Cryptoasset Policy Team at HM Treasury. At our first in person meeting of 2025, we were able to share some insights and feedback from our team and our extensive member base. Taking the opportunity to share some of the common issues and concerns gathered from our numerous member working groups and forums, our Executive Director, Su Carpenter, Board Advisor, Ian Taylor and Policy Advisor Suzanne Morsfield, PhD CPA spent this time discussing the future opportunities and challenges for the sector in the coming year. We look forward to future engagements and opportunities to shape legislative and regulatory outcomes to ensure the potential for growth of the crypto and digital asset industry in the UK can be allowed to reach it's full potential. A thank you to William Morello, Tom Mead and team for extending us a warm welcome (and a nod to the welcome committee of pelicans in the park on arrival)

We were delighted to be able to contribute towards this work and great to see the outcomes now published by members Sumsub. You can download your copy of the 'Sumsub Crypto Industry Report' through the link in the post below - definitely worth a read.

What a great initiative by our Member Advocacy Committee and a fantastic turn out from our members! I am sure there will be many more photo opportunities 😁