Multiple countries including the UK will implement the "Crypto Asset Reporting Framework" starting January 1, and crypto trading data will be shared across borders.

MarsBitNews · 2026-01-01T09:14:14+00:00

The UK and over 40 other countries have implemented new crypto asset tax regulations starting January 1, requiring major exchanges to collect transaction records from users and report them to tax authorities. This move, based on the OECD framework, is expected to enable automatic data sharing beginning in 2027.

MarsBitNews

2026-01-01 09:14:14

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Mars Finance News: On January 1, according to the Financial Times, the UK and more than 40 other countries have implemented new crypto asset tax regulation rules starting from January 1. Under the Crypto Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to HM Revenue & Customs (HMRC). The UK is one of the first 48 countries to implement this framework. According to the plan, starting from 2027, HMRC will automatically share relevant data with EU member states, as well as participating countries such as Brazil, the Cayman Islands, and South Africa. A total of 75 countries have committed to implementing CARF, with the United States planning to implement it in 2028 and begin information exchange in 2029.

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