What is CARF

I've had the... pleasure of working on this project lately.

The crypto asset reporting framework is set to go live in 2026, and jurisdictions will be required to report for the first time in early 2027. What will they be reporting? Well...

Under this framework, every single entity that does crypto or bitcoin transactions on behalf of third parties will be required to maintain a full record of its users' transactions, volume, asset types, identity, tax, residence, and address.

So, are you using an exchange to buy your Bitcoin or do some trading? The entirety of that trade volume and information will be sent to your country of tax residency. This is of course to ensure that countries are able to tax capital gains and other type of revenue from crypto transactions, including Bitcoin.

A lot of people might feel right now that bitcoin purchases and sales isn't really enforced when it comes to taxation. That's because jurisdictions are waiting for the CARF framework to be live in 2026. Come 2027, when all of that data is finally sent to jurisdictions, countries will finally start enforcing heavy taxation on all crypto and Bitcoin transfers and purchases.

A lot of people might be asking if the United States is part of the agreement. Well, according to the website, the United States is a signatory jurisdiction. There are 120 other jurisdictions who are going to do this and will comply with this new global standard.

Bottom line, more fuckery from the global standard setting bodies means that every time you use a KYC exchange or any kind of KYC third party, a record will be kept of what you are doing and with what. How about that for a honey pot?

This is all Caused by the OECD, the most evil and conniving global standard setting body. The global standard setting body responsible for anti-money laundering, global minimum tax or pillar two KYC and basically the entire capture of the world's financial infrastructure.

Have a great day!