Crypto Tax Revolution: 48 Countries Launch Major Data Collection Push Ahead of CARF 2027
The global cryptocurrency sector faces a seismic shift in tax reporting as 48 nations prepare to implement the OECD's Crypto Asset Reporting Framework (CARF) by 2027. Centralized and decentralized exchanges, brokers, and even crypto ATMs will be mandated to collect transaction data starting January 2026, with tax authorities receiving the information the following year.
This G20-backed initiative targets tax transparency, aiming to curb illicit financial flows through digital assets. Early adopters include jurisdictions that have already enacted legislation aligning with CARF's data collection requirements. The MOVE signals growing institutional recognition of cryptocurrency markets, even as it introduces new compliance layers for investors and service providers.
