The Reporting Cryptoasset Service Providers (Due Diligence and Reporting Requirements) Regulations 2025
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Change 1
18 Penalties for failure to register with HMRC
If a reporting cryptoasset service provider fails to comply with regulation 10 (registration with HMRC: UK reporting cryptoasset service providers), the reporting cryptoasset service provider is liable— (a) to a penalty not exceeding £1,000, and (b) if the failure continues after notice of assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £300 for each subsequent day on which the failure occurs.
18 Penalties for failure to register with HMRC
If a reporting cryptoasset service provider fails to comply with regulation 10 (registration with HMRC: UK reporting cryptoasset service providers), the reporting cryptoasset service provider is liable— (a) to a penalty not exceeding £1,000, and (b) if the failure continues after notice of assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £300 for each subsequent day on which the failure occurs.
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