🐳 CARF Is Now Live: A New Global Crypto Reporting Framework
As of January 1, 2026, the Crypto-Asset Reporting Framework (CARF) has officially taken effect in 48 countries.
✔️ From the 2026 reporting year, participating countries and territories — including Austria, Belgium, Brazil, the UK, Germany, Japan, the Netherlands, New Zealand, Norway, France, Sweden, and others — must start gathering tax-related data on crypto transactions. This data will be shared internationally in 2027.
✔️ Phase two in 2027: Another 27 jurisdictions will come on board, with reporting starting in 2027 and information exchange in 2028. As of December 2025, a total of 76 countries have confirmed participation, covering major crypto hubs such as the UAE, Hong Kong, Singapore, and Switzerland.
✔️ Impact on crypto platforms: Centralized exchanges, some decentralized platforms, brokers, dealers, and crypto ATMs — classified as Reporting Crypto-Asset Service Providers (RCASPs) — are required to collect KYC details, transaction data, and balances for tax authorities. From 2027, this information will be automatically shared across borders, extending the CRS framework to crypto assets.
CARF marks a major shift in how governments track crypto activity, significantly reducing the scope for anonymity. If you’re based in a participating region, be sure to review local regulations — for example, DAC8 in the EU.