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Crypto Tax Reporting Requirements Set to Begin in UK and Europe

Crypto News

Cryptocurrency users and platforms in 48 jurisdictions will reportedly begin to be impacted by the Crypto-Asset Reporting Framework (CARF) on Jan. 1, 2026.

CARF requires platforms to gather more detailed customer information, verify tax residency and report users’ balances and transactions each year to their domestic tax authorities, Cointelegraph reported Tuesday (Dec. 30).

Tax authorities will then share that data across borders with peers with whom they have information-exchange agreements, according to the report.

The first wave of jurisdictions participating in CARF include the United Kingdom and the European Union, per the report. CARF was created by the Organization for Economic Cooperation and Development (OECD).

Experts…

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