48 countries kick off crypto transaction reporting from 2026
Starting January 1, 2026, the Crypto-Asset Reporting Framework (CARF) standard will come into effect in 48 countries. Data collection begins this year, with cross-border tax information exchange set to start in 2027. This marks a significant step toward transparency in the cryptocurrency market and combating tax evasion.
Source Incrypted
The reporting requirements cover centralized exchanges, some DeFi platforms, crypto ATMs, and brokers. The implementation aims to fight tax evasion and money laundering. Many countries have already enacted the necessary legislation to enforce these new regulations.
An additional 27 jurisdictions will join the data exchange in 2028. The participant list includes most EU countries, the USA, Canada, the UK, UAE, Hong Kong, and others—indicating a global move toward stronger oversight of crypto transactions.
