From 2026, full-scale operation begins: International regulatory framework for mandatory data reporting of cryptocurrency wallets

GasFeeCrying · 2026-01-28T16:16:50+00:00

In 2026, 48 countries will begin recording cryptocurrency transaction data under the OECD's CARF framework to enhance tax transparency, leading to mandatory reporting obligations for crypto service providers. Key impacts include improved asset tracking and heightened regulatory compliance.

GasFeeCrying

2026-01-28 16:16:50

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In line with the strengthening of international tax transparency, 48 countries and regions around the world will begin recording cryptocurrency transaction data by 2026. This move, based on the Crypto Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD), is an important preparatory step toward its official implementation in 2027. According to reports by PANews, virtual currency wallet service providers in each participating country are being pressed to establish the necessary data infrastructure.

International Data Reporting System Promoted by OECD

CARF is based on an international tax transparency framework and mandates crypto asset service providers in member countries and regions to collect transaction data. The scope includes centralized exchanges, some decentralized platforms, crypto ATMs, and brokers, among a wide range of providers offering virtual currency wallet-related services. Through this framework, tax authorities in each country aim to achieve more accurate asset tracking.

Phased Implementation of Data Recording and Schedule

The introduction of recording obligations will proceed in phases depending on the country. Twenty-seven countries and regions, including Australia, Canada, Mexico, and Switzerland, are scheduled to start data collection from January 1, 2027. Subsequently, information sharing among countries will intensify in 2028, further strengthening international regulatory compliance. Meanwhile, the remaining 21 countries and regions will gradually respond from the preparatory phase in 2026.

Impact on Virtual Currency Wallet Service Providers

For providers of crypto asset services, including virtual currency wallets, the implementation of this data reporting system marks a significant turning point. Establishing systems for recording and storing transaction information, strengthening user data management, and complying with national regulations are urgent tasks. By 2026, preparations on the part of service providers are at a critical stage.

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