Hong Kong launched a public consultation on implementing the OECD’s Crypto-Asset Reporting Framework (CARF) and amended Common Reporting Standard (CRS), aiming to begin automatic exchange of crypto tax information with partner jurisdictions by 2028. The government plans to complete legislative amendments in 2026, strengthening the city’s commitment to international tax cooperation while maintaining its reputation as a global financial hub amid evolving digital asset regulations. Financial Services Secret ...

Brazil’s crypto market is moving billions of dollars a month, and regulators are taking notice. In a technical presentation at the Blockchain Conference Brasil, Flavio Correa Prado, an auditor at Brazil’s tax authority, the Receita Federal, revealed that crypto transactions reported under existing rules have reached between $6 billion and $8 billion per month. If current trends continue, that figure could rise to $9 billion monthly by 2030, he said. Most of that volume comes from stablecoins like USDT an ...

Regulatory Compliance - UK's HMRC requires crypto exchanges to collect full transaction data from all UK users starting January 1, 2026 [1] - HMRC will receive the data in 2027 to cross-check returns and curb crypto-related tax evasion [1] - The framework aligns with the OECD's Crypto-Asset Reporting Framework (CARF) [1] Global Adoption - CARF is already being adopted in the EU, Canada, Australia, Japan, and South Korea [1]

Crypto tax compliance in the U.S. has historically been low. | Source: CCN. Key Takeaways The U.S. is moving toward adopting CARF, a global crypto-reporting framework. With CARF’s rollout approaching, U.S. traders should clean up offshore activity and expect tighter audits. It comes as mandatory exchange reporting begins for U.S. investors in the 2025 tax year. The Trump administration has taken another step toward embracing a global framework designed to provide tax authorities with greater insig ...

Regulatory Landscape - Finland plans to implement its domestic Crypto-Asset Reporting Framework (CARF) starting in 2026 [1] - Finland is becoming one of the first EU countries to move ahead with CARF [1] - The OECD-led standards will require crypto exchanges to begin data collection in 2026 [1] - Global information exchange across over 50 countries is expected by 2027 [1]

Regulatory Compliance - South Korea to adopt OECD's Crypto-Asset Reporting Framework (CARF) [1] - Data sharing to commence next year, with the system fully operational by 2027 [1] Data Exchange - Foreign investors' crypto transactions on South Korean exchanges (e.g, Upbit, Bithumb) will be shared with other countries [1] - Korean residents' overseas crypto trades will be reported to the National Tax Service [1]

RT UK CBT (@UKCBT_org)🇬🇧 New UK crypto reporting rules incoming!TLDR: crypto-asset service providers will be held to the same reporting standards as traditional financial institutions.From 1 Jan 2026, UK-based cryptoasset service providers must collect and report user data to HMRC, under the Crypto-Asset Reporting Framework (CARF), aligning with OECD standards.🔍 Who’s affected?Any platform that facilitates crypto transactions : exchanges, brokers, dealers.📊 What data is required?• Individuals: name, DOB, ad ...

Regulatory Compliance - UK crypto-asset service providers must adhere to new reporting standards aligning with OECD standards under the Crypto-Asset Reporting Framework (CARF) [1] - The framework mandates the collection and reporting of user data to HMRC, effective from 1 January 2026 [1] - First report is due by 31 May 2027, covering 2026 activity [1] - Systems must be CARF-ready by 31 December 2025 [1] Scope and Impact - The rules affect platforms facilitating crypto transactions, including exchanges, brokers, and dealers [1] - Required data includes individuals' name, date of birth, address, and tax ID, as well as entities' legal details and controlling persons [1] - Transaction data required includes type, units, and value of cryptoassets used for payment or investment (not already under CRS) [1] Penalties - Non-compliance may result in penalties of up to £300 per user [1] - Senior management may be held liable for non-compliance [1]