Regulators Adjust Cryptocurrency Regulations as International Standards Address Gaps

UK Expands Crypto Reporting to Domestic Transactions

The United Kingdom is set to broaden its Cryptoasset Reporting Framework (CARF) to cover not only international but also domestic crypto transactions, marking a significant development in the regulation of digital assets worldwide. Beginning in 2026, individuals residing in the UK will be unable to hide their local cryptocurrency dealings from HM Revenue and Customs (HMRC), as the agency will gain automatic access to both domestic and cross-border crypto transaction information.

This initiative brings the UK in line with the Organisation for Economic Co-operation and Development (OECD) standards, requiring crypto service providers to conduct thorough due diligence and submit annual reports detailing user activities. The objective is to prevent cryptocurrencies from being treated as assets outside the scope of the Common Reporting Standard (CRS), which governs the transparency of traditional financial assets.

GeeFi Nears Milestone Amid Investor Interest

GeeFi has attracted more than 700 participants and is already 80% complete in its initial phase. Unlike projects that focus primarily on speculation, such as Avalanche (AVAX), GeeFi emphasizes real-world applications. Its non-custodial wallet, which facilitates transactions across multiple blockchains, demonstrates a commitment to practical utility.

While analysts predict that AVAX could experience price fluctuations ranging from $15 to $326 by 2031, GeeFi's ongoing product development and strong performance highlight its immediate potential. By offering a user-friendly wallet compatible with over 14 different blockchains, GeeFi aims to make cryptocurrency more accessible to everyday users and support broader adoption.

Changing Consumer Trends and Regulatory Shifts

The financial sector is also witnessing evolving consumer habits. For example, Adobe has reported a 7.5% increase in online sales during the first 23 days of November 2025 compared to the previous year. This uptick in early holiday shopping is fueled by the popularity of "buy now, pay later" options and the integration of AI-driven shopping technologies, reflecting increased trust in digital commerce.

However, as regulations around cryptocurrencies become more stringent—such as the UK's new domestic reporting requirements—these changes may influence how retail investors engage with digital assets.

Global Tax Enforcement and the Future of Crypto Projects

Worldwide, governments are stepping up efforts to monitor and tax crypto holdings. For instance, South Korea has implemented strict policies on seizing assets from cold wallets, and Spain is considering a substantial 47% tax on crypto gains. In this environment, projects like GeeFi that prioritize compliance and practical use cases may find themselves at an advantage.

The UK's expansion of CARF is part of a larger movement to bring cryptocurrencies into the fold of established financial regulations, potentially creating a more level playing field for projects that adhere to these evolving standards.