48 Jurisdictions Prepare for Crypto Tax Reporting Under OECD’s CARF Framework

Global tax authorities are mobilizing for coordinated cryptocurrency surveillance as 48 jurisdictions commit to the Crypto-Asset Reporting Framework (CARF). Starting January 2026, exchanges including Binance, Coinbase, and Bybit will be required to collect standardized transaction data—wallet addresses, trade histories, and tax residency details—for automatic cross-border sharing by 2027.

The OECD mandates granular record-keeping: platforms must track user activity across major coins like BTC, ETH, and SOL, plus emerging tokens such as Pepe and BONK. The UK has taken an early lead, compelling exchanges to maintain real-time purchase records. This mirrors financial surveillance regimes for traditional assets but adapts to crypto’s pseudonymous nature.

Service providers—from crypto ATMs to custody platforms—now face infrastructure overhauls. Compliance teams are redesigning onboarding flows to embed tax residency checks, while regulators emphasize interoperability between domestic systems. The move signals institutional recognition of crypto markets but imposes surveillance at scale.