Deep Tide TechFlow News, December 30 — According to Cointelegraph, the Organization for Economic Co-operation and Development (OECD) will begin collecting data under its Crypto-Asset Reporting Framework (CARF) on January 1, 2026, in 48 jurisdictions including the UK and the EU.
CARF requires cryptocurrency trading platforms to collect more detailed customer information, verify tax residency, and report users’ balances and transactions annually to domestic tax authorities. This data will be shared across borders through existing information exchange agreements.
Lucy Frew, head of the Global Regulatory and Risk Advisory Group at international law firm Walkers, stated that CARF will “change the game” and reshape compliance requirements for digital asset companies and clients. Crypto exchanges need to integrate CARF requirements into existing KYC and anti-money laundering processes, redesign registration procedures to capture tax residency information, and upgrade reporting systems.
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The OECD Crypto Asset Reporting Framework will officially come into effect on January 1, 2026.
Deep Tide TechFlow News, December 30 — According to Cointelegraph, the Organization for Economic Co-operation and Development (OECD) will begin collecting data under its Crypto-Asset Reporting Framework (CARF) on January 1, 2026, in 48 jurisdictions including the UK and the EU.
CARF requires cryptocurrency trading platforms to collect more detailed customer information, verify tax residency, and report users’ balances and transactions annually to domestic tax authorities. This data will be shared across borders through existing information exchange agreements.
Lucy Frew, head of the Global Regulatory and Risk Advisory Group at international law firm Walkers, stated that CARF will “change the game” and reshape compliance requirements for digital asset companies and clients. Crypto exchanges need to integrate CARF requirements into existing KYC and anti-money laundering processes, redesign registration procedures to capture tax residency information, and upgrade reporting systems.