CARF, the Crypto-Asset Reporting Framework, is an international standard established by the OECD for the automatic exchange of information on crypto-assets. It seeks to augment tax transparency and combat tax evasion within the digital asset domain. This framework mandates that crypto service providers collect and report taxpayer information to relevant tax authorities.
Context
The implementation of CARF represents a significant regulatory advancement, requiring crypto exchanges and other service providers to adapt their data collection and reporting systems. Jurisdictions globally are evaluating its adoption, which will standardize reporting obligations across national borders. This framework is set to redefine global tax compliance for digital assets.
Reporting Crypto-Asset Service Providers must immediately update due diligence and data systems to capture cross-border transaction information starting January 1, 2026.
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