Crypto Tax: 48 Nations Activate Global Reporting Dragnet
Key Notes
- CARF rules entered in force on January 1, 2026 in 48 jurisdictions.
- Exchanges must record Tax IDs and transaction data immediately, while cross-border sharing starts May 2027.
- Smaller exchanges face consolidation risks due to high compliance costs.
The era of perceived tax anonymity for crypto assets has ended. As of Jan. 1, 2026, a coordinated global tax reporting regime, the Crypto-Asset Reporting Framework (CARF), is officially in effect. Crypto service providers across an initial 48 countries are now required to begin collecting detailed user transaction data for eventual submission to tax authorities.
The framework, developed by the Organisation for Economic Co-operation and Development (OECD) and…
