TechFlow news, December 30 — According to Cointelegraph, the OECD's Crypto-Asset Reporting Framework (CARF) will begin collecting data from January 1, 2026, across 48 jurisdictions including the UK and the European Union.
CARF requires cryptocurrency trading platforms to collect more detailed customer information, verify tax residency, and annually report user balances and transactions to domestic tax authorities. This data will be shared cross-border through existing information exchange agreements.
Lucy Frew, Global Head of Regulatory & Risk Advisory at international law firm Walkers, said CARF will be a "game-changer," reshaping compliance requirements for digital asset firms and their clients. Cryptocurrency exchanges will 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.
