OECD Crypto-Asset Reporting Framework to Take Effect in 2027; 48 Jurisdictions Begin Data Collection in 2026

The OECD-led Crypto-Asset Reporting Framework (CARF) will take effect in 2027, BlockBeats reports. Starting Jan. 1, 2026, the first 48 jurisdictions will require local crypto service providers to collect user wallet and transaction data to prepare for cross-border tax information exchange; covered institutions include centralized exchanges, some decentralized platforms, crypto ATMs and brokers. A further 27 jurisdictions, including Australia, Canada and Switzerland, will begin collecting data in 2027 and join the exchange mechanism in 2028. CARF aims to enhance tax transparency and combat cross-border tax evasion and money laundering to ensure taxpayers meet obligations wherever they trade, the OECD said.