🧵 Thread of the week - CARF is coming, and it’s about to change how governments see Bitcoin 👇
🌎 1/ The #OECD’s Crypto-Asset Reporting Framework (CARF) is a new global tax transparency standard for crypto-asset transactions that’s rolling out from Jan 1, 2026. 👇
❓ 2/ What is CARF?
#CARF automatically collects and shares tax-relevant #crypto data (transactions, tax residence, etc.) between countries so tax authorities can see activity that used to be invisible. 👇
🏦 3/ Why does this matter?
Crypto has historically flown under the radar of traditional financial reporting. CARF closes that gap, making crypto reporting similar to bank accounts under global standards. 👇
🔢 4/ How wide is its reach?
Over 70+ jurisdictions, including EU members, the UK, Singapore, and more, have committed to implementing CARF, covering the majority of global crypto trading volumes. 👇
⏳ 5/ What’s the timeline?
First jurisdictions plan to collect data starting 2026 and automatically exchange it with tax authorities by 2027 (reports due in 2027 on 2026 activity). 👇
ℹ️ 6/ Who must report?
Reporting Crypto-Asset Service Providers (RCASPs), exchanges, custodians, wallets, brokers, and even some DeFi intermediaries, will need to collect tax residence & transaction data and submit it annually. 👇
🇪🇺 7/ How does CARF act with #DAC8?
In the EU, DAC8 puts CARF into force from Jan 1, 2026. That means exchanges must begin collecting crypto data and reporting it, including transfers, balances, and identities, for EU tax residents. 👇
👤 8/ Impact on users:
CARF does not create new taxes by itself, but it dramatically increases transparency. Anonymous or offshore activity will no longer be invisible to tax authorities. 👇
🟠 9/ For Bitcoiners:
Expect tighter KYC, more data reported, and fewer “blind spots.” 👇
⁉️ 10/ The big takeaway:
CARF marks a shift: crypto assets are now part of the global tax infrastructure, not an exception. Whether you hodl, trade, or build, preparing for this new reporting regime is now essential. 👇
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