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The "Cryptocurrency Asset Reporting Framework" will be implemented in 2027, with 48 countries launching crypto tax data collection efforts this year.
BlockBeats News, January 2, the OECD-led Cryptocurrency Asset Report Framework (CARF) will officially take effect in 2027. Prior to this, starting from January 1, 2026, the first batch of 48 jurisdictions has required local cryptocurrency service providers to start collecting user cryptocurrency wallet and transaction data in preparation for future international tax information exchange.
According to the OECD, institutions participating in data collection include centralized exchanges, some decentralized platforms, cryptocurrency ATMs, and brokers. The core goal of CARF is to enhance tax transparency, combat cross-border tax evasion and money laundering, and ensure that taxpayers can fulfill their tax obligations no matter where they conduct cryptocurrency transactions.
In addition to the initial 48 countries, another 27 jurisdictions (including Australia, Canada, Switzerland, etc.) will start collecting data from 2027 and join the information exchange mechanism in 2028.
Although CARF is officially positioned for tax purposes, industry insiders point out that the collected data may be used in the future for identity verification, anti-money laundering, and criminal investigations, profoundly impacting the anonymity and regulatory environment of the cryptocurrency industry.
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