LATEST: The tokenized stocks market has reached a record $1.2 billion in market cap, according to Token Terminal, which compared tokenized stocks to stablecoins in 2020 before their explosive growth.

According to the Financial Times, the UK and over 40 other countries began enforcing new crypto tax reporting rules on January 1 under the OECD’s Cryptoasset Reporting Framework (CARF). Major exchanges must collect and report UK users’ transaction data and tax residency to HMRC.