48 jurisdictions worldwide implement crypto asset reporting frameworks, leading to a historic shift in cryptocurrency taxationStarting from January 1, 2026, a historic shift in cryptocurrency taxation has been implemented across 48 jurisdictions worldwide, including the United Kingdom and EU member states. This year, as the crypto asset reporting framework is launched globally, crypto investors in these 48 countries will begin to have their crypto wallet transaction data recorded for tax purposes.
Source: OECD
The international tax transparency framework for crypto assets, the Crypto Asset Reporting Framework (CARF), developed by the Organisation for Economic Co-operation and Development (OECD), will officially come into effect in 2027. However, from January 1 of this year, crypto service providers within participating jurisdictions—including centralized exchanges, decentralized exchanges, crypto ATMs, as well as brokers and traders—have been required to start collecting the necessary transaction data to combat tax evasion and money laundering activities.
An update from the OECD in November
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