Global cryptocurrency tax regulation is undergoing a major transformation. Starting from January 1, 2026, the UK, EU member states, and 46 other jurisdictions worldwide have officially launched the Cryptocurrency Asset Reporting Framework (CARF) data collection efforts. This means that crypto investors in participating countries will face unprecedented transparency requirements for their transaction data.

This international tax transparency framework, developed by the Organisation for Economic Co-operation and Development (OECD), is scheduled to officially take effect in 2027. But don’t think it’s just on paper—starting this year, all crypto service providers in participating jurisdictions are required to begin action. This includes centralized exchanges, decentralized exchanges, crypto ATMs, as well as various brokers and traders. They now need to collect complete user transaction data to combat tax evasion and money laundering.

In its latest report in November, the OECD revealed that more and more countries are rapidly following suit. These jurisdictions have either completed the necessary legislation or are in the final stages of implementing these laws, preparing to exchange information on time in 2027.

In other words, the way cryptocurrency transactions are monitored is undergoing a fundamental change. This not only means exchanges need more sophisticated data management systems but also that every transaction by investors will be more systematically recorded and reported. For global crypto users, this is a new era they must adapt to.