48 countries begin comprehensive data collection on crypto transactions

Starting this year, crypto services in 48 countries will record user transactions for tax purposes.

The exchange of this data between governments will commence in 2027 as part of the CARF (OECD) standard.

What this entails:
• Reporting will include CEX, some DEX, crypto ATMs, and brokers.
• Data collection will begin in advance, even before the official launch.
• The main goal is to combat tax evasion and money laundering.
• An additional 27 countries will join later, starting from 2028.
• Jurisdiction list includes: most EU countries, the USA, UAE, Kazakhstan, Armenia, Azerbaijan, Turkey, Hong Kong, the UK, and others.
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