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Crypto4light
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Bullish🐳 January 1, 2026, the CARF standard has come into effect in 48 countries.
✔️Starting from 2026 (reporting period), 48 countries and territories (including Austria, Belgium, Brazil, the United Kingdom, Germany, Japan, the Netherlands, New Zealand, Norway, France, Sweden, and others) are required to begin collecting tax information on crypto-asset transactions. This pertains to reporting for 2026, which will be exchanged in 2027.
✔️ Second wave in 2027: 27 jurisdictions will join for reporting starting in 2027 (exchange in 2028). In total, more than 75 countries (exactly 76 as of December 2025) have already confirmed their participation, including key crypto hubs such as the UAE, Hong Kong, Singapore, and Switzerland.
✔️Obligations for exchanges and other providers: Crypto exchanges (CEX and some DEX), brokers, dealers, and crypto ATMs (as Reporting Crypto-Asset Service Providers, RCASPs) must collect user data (KYC, transactions, balances) for tax authorities. From 2027 onward, there will be automatic exchange between countries to combat tax evasion. This extends the global Common Reporting Standard (CRS) to crypto.
CARF is indeed changing governments' approach to monitoring crypto assets, making "anonymity" in crypto less feasible. If you're in one of these jurisdictions, check local rules (for example, in the EU, it's DAC8). #crypto $BTC
✔️Starting from 2026 (reporting period), 48 countries and territories (including Austria, Belgium, Brazil, the United Kingdom, Germany, Japan, the Netherlands, New Zealand, Norway, France, Sweden, and others) are required to begin collecting tax information on crypto-asset transactions. This pertains to reporting for 2026, which will be exchanged in 2027.
✔️ Second wave in 2027: 27 jurisdictions will join for reporting starting in 2027 (exchange in 2028). In total, more than 75 countries (exactly 76 as of December 2025) have already confirmed their participation, including key crypto hubs such as the UAE, Hong Kong, Singapore, and Switzerland.
✔️Obligations for exchanges and other providers: Crypto exchanges (CEX and some DEX), brokers, dealers, and crypto ATMs (as Reporting Crypto-Asset Service Providers, RCASPs) must collect user data (KYC, transactions, balances) for tax authorities. From 2027 onward, there will be automatic exchange between countries to combat tax evasion. This extends the global Common Reporting Standard (CRS) to crypto.
CARF is indeed changing governments' approach to monitoring crypto assets, making "anonymity" in crypto less feasible. If you're in one of these jurisdictions, check local rules (for example, in the EU, it's DAC8). #crypto $BTC
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