TechFlow news, January 6th, Japan will officially implement the "Crypto-Asset Reporting Framework (CARF)" starting from January 1, 2026. This international tax framework, established by the OECD, aims to share cryptocurrency transaction information among tax authorities of various countries to prevent the opacity of cross-border asset transfers. The major domestic exchange Coincheck has already issued a notice to all users on January 6th, requiring the submission of personal information, including the country of tax residence. Users who open accounts before the end of 2025 must complete the declaration by December 31, 2026, while new users need to submit relevant information at the time of account opening. Users who fail to submit as required or provide false information may face legal penalties.
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