Analysis: OECD Advances CARF Implementation, "Offshore Crypto Asset Tax Avoidance Era" Gradually Ending

Odaily News As global crypto tax regulation continues to tighten, industry views suggest that the "offshore crypto asset tax avoidance era" is gradually coming to an end. Large holders of undeclared offshore crypto assets are facing higher compliance risks, with some investors already proactively seeking voluntary disclosure to mitigate potential criminal risks. The Crypto-Asset Reporting Framework (CARF), promoted by the Organisation for Economic Co-operation and Development (OECD), has commenced implementation in multiple jurisdictions, aiming to unify global crypto asset information reporting standards and requiring institutions such as trading platforms and brokers to provide account and transaction data to tax authorities. The relevant mechanisms will combine fiat currency deposit/withdrawal data, on-chain analysis, and trading platform internal ledger data, significantly enhancing regulators' ability to track undeclared assets. Market participants anticipate that as over 70 countries have committed to advancing CARF, the relevant transaction data will be gradually collected starting in 2026 and enter the first round of cross-border tax information exchange in 2027, with crypto asset tax compliance requirements likely to continue tightening. (CoinDesk)