Cryptocurrency trading will begin to be taxed

According to the arrangements by the Organization for Economic Co-operation and Development (OECD) and Binance's official announcement, the global automatic exchange of cryptocurrency information has entered a substantive phase:

• January 1, 2026 (data collection begins): 48 initial jurisdictions, including the UK, EU member states, Cayman Islands, Brazil, etc., will officially implement CARF. Since many of Binance's international business entities are registered in these regions (such as the Cayman Islands), this means Binance will start collecting and aggregating users' tax identity and transaction data from 2026.

• 2027 (first formal exchange): The first cross-border data exchange will take place among the initial CARF implementers. If your tax residence is China, Binance entities registered in the Cayman Islands or other participating jurisdictions will report your 2026 data to their local tax authorities, who will then send the information via the automatic exchange system to Chinese tax authorities. #MSCI暂不排除数字资产财库公司 $BTC