PANews reported on December 30th that, according to Cointelegraph, the OECD's Crypto Asset Reporting Framework (CARF) will officially come into effect on January 1, 2026, in 48 jurisdictions, including the UK and the EU. Crypto platforms will be required to collect users' tax residency information, annual asset and transaction information, which will be used by tax authorities for cross-border information exchange. This rule is considered a "compliance game-changer," exposing users to stricter scrutiny and higher audit risks.
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