48 countries have begun collecting crypto asset tax data for the crypto asset reporting framework

Odaily Planet Daily reports that 48 countries and regions worldwide will start recording cryptocurrency wallet transaction data from this year to comply with the Crypto Asset Reporting Framework (CARF) officially implemented in 2027. According to the international tax transparency framework established by the Organisation for Economic Co-operation and Development (OECD), crypto service providers in participating jurisdictions—including centralized exchanges, some decentralized exchanges, crypto ATMs, and brokers—have been required to begin collecting the necessary transaction data. Additionally, a second batch of 27 jurisdictions, including Hong Kong, Australia, Canada, Mexico, and Switzerland, will start data collection on January 1, 2027, with information sharing beginning in 2028. The framework aims to combat cross-border tax evasion and money laundering, and to increase transparency in crypto asset holdings.