According to Foresight News, the UK has launched a consultation on plans to implement the Organization for Economic Cooperation and Development (OECD) crypto reporting framework, which will end on May 29. The UK Treasury predicts that the implementation of the cryptocurrency reporting framework could attract £35 million ($45 million) between 2026 and 2027 and £95 million between 2027 and 2028. The OECD framework is a new standard to address tax non-compliance and is an update to the existing offshore account framework. The rules will take effect in 2026.