[OECD Crypto-Asset Reporting Framework (CARF) Officially Effective]
The Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD) officially came into effect on January 1, 2026, initially covering 48 countries and regions. This framework requires crypto-asset service providers to disclose user transaction information to tax authorities and submit annual reporting, covering activities such as transactions, exchanges, and asset transfers. The European Union member states, the United Kingdom, Brazil, the Cayman Islands, and other regions are the first to participate, while Australia, Canada, Singapore, Switzerland, and the United Arab Emirates are expected to join by 2028. The United States plans to integrate into the system by 2029. CARF aims to address the regulatory gaps in the digital asset sector under the existing Common Reporting Standard and promote global tax transparency and cross-border data exchange.