OECD crypto tax reporting framework to launch Jan 1, 2027

The OECD's Crypto-Asset Reporting Framework (CARF) will officially launch as scheduled on Jan. 1, 2027, Cointelegraph reported. Under the new rules, the UK, the European Union, and 48 other countries will require crypto exchanges and platforms to collect and report user data, including tax residency, account balances, and transaction histories. This information will be shared among nations through an international tax information exchange system starting in 2027. The measure is intended to enhance transparency in global cryptocurrency taxation.