A total of 48 countries and regions worldwide have begun collecting tax data for the crypto asset reporting framework.

2026-01-02 05:46:23

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Deep Tide TechFlow News, January 02, According to Cointelegraph, as the long-awaited cryptocurrency asset reporting framework is launched globally, 48 countries and regions will start recording cryptocurrency wallet transaction data from this year to align with the Cryptocurrency Asset Reporting Framework (CARF), which will be officially implemented in 2027.

Under the international tax transparency framework established by the Organisation for Economic Co-operation and Development (OECD), crypto service providers in participating jurisdictions—including centralized exchanges, some decentralized exchanges, crypto ATMs, and brokers—have been required to begin collecting the necessary transaction data.

In addition, a second batch of 27 jurisdictions, including Hong Kong, Australia, Canada, Mexico, and Switzerland, will start collecting data on January 1, 2027, with information sharing beginning in 2028.

Although CARF data is limited to tax purposes, cryptocurrency tax software company TaxBit stated in November that this information could ultimately be used to obtain ownership and identity details of cryptocurrencies in ways never seen before, enabling authorities to identify anonymous cryptocurrency holders as sources of intelligence and helping to link identities to criminal activities.

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