CARF

Definition ∞ 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.