CARF crypto tax regulations to take effect on January 1, 2026; exchanges in 48 countries required to collect users' tax information
PANews, December 30 — According to Cointelegraph, the OECD's Crypto-Asset Reporting Framework (CARF) will officially take effect on January 1, 2026, in 48 jurisdictions including the United Kingdom and the European Union. Crypto platforms will be required to collect users' tax residency information and annually report asset and transaction data, which tax authorities will use for cross-border information exchange. This rule is considered a "game changer for compliance," with users facing stricter scrutiny and higher audit risks.
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