TechFlow to a report by Cointelegraph on December 30, the Organization for Economic Cooperation and Development (OECD)’s Crypto Asset Reporting Framework (CARF) will begin collecting data in 48 jurisdictions, including the UK and the EU, starting January 1, 2026.
CARF requires cryptocurrency exchanges to collect more detailed customer information, verify tax residency, and report user balances and transactions annually to domestic tax authorities. This data will be shared across borders through existing information exchange protocols.
Lucy Frew, head of the global regulatory and risk advisory group at the international law firm Walkers, stated that CARF will be a "game-changer," reshaping compliance requirements for digital asset businesses and clients. Crypto exchage will need to integrate CARF requirements into their existing KYC and anti-money laundering processes, redesign their registration processes to capture tax residency information, and upgrade their reporting systems.
