Crypto platforms are discovering that tax transparency starts long before a report ever reaches a regulator’s desk.

The OECD’s Crypto-Asset Reporting Framework (CARF) was designed to bring greater tax transparency to cryptoassets by requiring relevant service providers to collect and report tax-related information about their users and transactions. The UK adopted CARF from 1 January 2026, with the first international exchanges of information due in 2027.

For crypto exchanges and other affected providers, identity verification specialist Identomat notes that this creates a challenge that extends well beyond producing an annual report.

Under the UK regime, Reporting Cryptoasset Service Providers must carry out due diligence and report…