Crypto Tax Apocalypse Unleashed: UK and Dozens Others To Enforce Strict Reporting Rules

UK and 47 countries to impose CARF rules. Credit: olia danilevich. Key Takeaways The U.K. and dozens of other countries have begun enforcing a new global crypto tax reporting regime under CARF. Exchanges must now collect users’ tax residency details and report crypto transactions to tax authorities. The rules aim to close loopholes around undeclared crypto gains and significantly reduce anonymity. As governments tighten their grip on digital assets, 2026 is shaping up to be a turning point for c ...