Crypto tax reporting rules under the OECD’s Crypto-Asset Reporting Framework will begin taking effect from Jan. 1, 2026.
Data collection will start across 48 jurisdictions, including the United Kingdom and the European Union.
The framework introduces standardised reporting obligations for crypto exchanges and platforms.
In-scope providers will be required to collect enhanced customer information.
Platforms must verify user tax residency as part of onboarding and ongoing reviews.
Annual reporting of crypto balances and transaction activity will become mandatory.
Reported data will be shared between tax authorities through existing information-exchange agreements.
Regulators say the framework aims to close long-standing gaps in cross-border crypto tax reporting
Lucy Frew said CARF is “a game-changer” that is “set to reshape compliance for digital asset businesses and customers.”
She said users should expect tougher onboarding checks and more frequent account reviews.
Frew warned that offshore platforms will no longer remain invisible to tax authorities.