The Australian government has published draft legislation that would require cryptocurrency exchanges, custodians, and other digital asset service providers to automatically share user transaction data with tax authorities in dozens of countries, marking a decisive step toward treating crypto assets like traditional financial accounts for tax enforcement purposes.

The Treasury Laws Amendment Bill 2026: Tax information reporting, released by the Australian Treasury and open for public comment until October 28, establishes the legal foundation for implementing the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, commonly known as CARF. The bill also creates a separate domestic reporting regime for…