Crypto tax compliance infrastructure is moving faster than most realize. Data collection operations have already kicked off across 48 jurisdictions, and we're still years out from CARF's official 2027 launch.

This isn't doom-mongering—it's just the reality of how governments structure financial oversight. Think of it as building the pipes before turning on the tap. The parallel to CRS (Common Reporting Standard) for traditional banking tells you exactly where this heads: automated information flows between countries, no manual intervention needed.

The immediate pressure lands on on-ramp and off-ramp services. They're becoming the gatekeepers of this new reporting layer, which means compliance infrastructure at the exchange level isn't optional anymore—it's becoming the cost of doing business.

The infrastructure play here is straightforward. Whether you see this as regulatory overreach or mature market development probably depends on your perspective, but the trajectory is clear: governments are locking in the systems now.