Regulation 17 Penalties for failure to provide information to HMRCI1
United Kingdom
If a reporting cryptoasset service provider fails to comply with regulation 9 (provision of information to HMRC), the reporting cryptoasset service provider is liable—
(a)
to a penalty not exceeding £5,000 and
(b)
if the failure continues after notice of an assessment of a penalty under paragraph (a) is issued, to a penalty or penalties not exceeding £600 for each subsequent day on which the failure occurs.