The Crypto-Asset Reporting Framework and its implications for the Cayman Islands | Carey Olsen
Globally, CARF obliges certain crypto-asset service providers to collect detailed information on their users and report crypto-asset transactions to local tax authorities, which then share this data with partner jurisdictions where users are tax resident. As of late 2025, over 60 jurisdictions, including the Cayman Islands, have committed to implementing CARF, with first information exchanges scheduled for 2027.
Implementation in the Cayman Islands
The Cayman Islands, a leading offshore financial centre, has aligned with international standards by enacting the Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025 (the “CARF Regulations”). These regulations come into…
