Global Crypto Tax Transparency Push Begins Ahead of CARF Implementation
48 nations have initiated early compliance measures for the OECD's Crypto-Asset Reporting Framework (CARF), accelerating tax transparency protocols originally scheduled for 2027. The framework targets exchanges, brokers, and decentralized platforms, mandating comprehensive transaction tracking by January 2026.
EU, Asian, and Anglo-American regulators are aligning systems to close what the OECD calls 'visibility gaps' in crypto taxation. The move follows June 2023 discussions where G20 members identified cryptocurrency markets as creating tax enforcement challenges comparable to offshore banking.
Reporting Crypto-Asset Service Providers (RCASPs) now face standardized due diligence requirements across participating jurisdictions. The regulations specifically capture wallet activity and trading histories – data points traditionally fragmented across blockchain networks and international exchanges.
