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According to the arrangements by the Organisation for Economic Co-operation and Development (OECD) and the official announcement from Binance, the global automatic exchange of cryptocurrency information has entered a substantive phase: .January 1, 2026 (data collection begins): 48 initial jurisdictions, including the United Kingdom, EU member states, the Cayman Islands, Brazil, etc., will officially begin implementing CARF. Since many of Binance's international business entities are registered in these regions (such as the Cayman Islands), this means Binance will formally collect and aggregate users' tax identity and transaction data starting from 2026.

.First official exchange in 2027: The first cross-border data exchange will take place among the initial jurisdictions implementing CARF. 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 transmit the information to Chinese tax authorities through the automatic exchange system.#0xApple $BTC