48 Countries Begin Crypto Tax Data Collection in 2026 Ahead of CARF Launch in 20

[Karl_3000]

48 Countries Begin Crypto Tax Data Collection in 2026 Ahead of CARF Launch in 2027

Crypto service providers (like exchanges) in 48 jurisdictions has started from 1st of January for collection of detailed transaction data ahead of the Crypto-Asset Reporting Framework's rollout. The OECD framework will see the first batch of countries record transactions in 2026 for information exchange in 2027, while a second group has until Jan. 1, 2027, to start gathering data.

Check if you country is there:



https://bingx.com/es-ar/news/post/-countries-begin-crypto-tax-data-collection-in-ahead-of-carf-launch-in

[noorman0]

Lol, this is CARF. The OECD's version of "we were late to crypto control, so now we're panicking and collecting everything". Yep, my country is on the list, and I'm "glad" things are starting to get regulated. We have a new finance minister who is aggressive on revenue and conservative on spending. And I wonder how they're going to collect all this stuff too.

This covers centralized and certain decentralized exchanges, crypto ATMs, and brokers and dealers that fall within the scope of the new rules.

Are there any leaks about which DEXs are affiliated with the government?

[julerz12]

This covers centralized and certain decentralized exchanges, crypto ATMs, and brokers and dealers that fall within the scope of the new rules.

Are there any leaks about which DEXs are affiliated with the government?

WTH. Wouldn't those "DEX" need to enforce KYC first before they can collect any data? If so, what are they then? Clown exchanges? 'cause they purposely flaunt their "decentralized" feature when in reality, they are centralized exchanges. 
Are we now heading to an era wherein true Decentralized exchanges will be forcefully shut down 'cause the governments can't gather data on them and tax the users?

[Oshosondy]

WTH. Wouldn't those "DEX" need to enforce KYC first before they can collect any data? If so, what are they then? Clown exchanges? 'cause they purposely flaunt their "decentralized" feature when in reality, they are centralized exchanges. 
Are we now heading to an era wherein true Decentralized exchanges will be forcefully shut down 'cause the governments can't gather data on them and tax the users?

There are many exchanges that are said they are decentralized, even if you make use of search engines or AI like ChatGPT, you will see that they are decentralized, in reality they are not decentralized but centralized. A decentralized exchange like Bisq will be difficult for the government to do something like this.

For those non KYC exchanges like Hyperliquid, they are also not decentralized and we do not know what will happen in the future because they are completely centralized. If the government try to regulate the exchanges, they may start enforcing KYC.

[joniboini]

A decentralized exchange like Bisq will be difficult for the government to do something like this.

Will anyone be jailed for developing apps like Bisq in the future? Maybe if they're big enough, there's a chance some big guys will ask them to cooperate nicely, not if everything is P2P though. Sounds like they'll spend a lot of money to achieve little when the majority is probably fine with exchanging convenience with some KYC. In my country, it seems like exchanges have been handling tax payments for their users for months; I guess it's related to this to some extent. CMIIW.

[hugeblack]

This covers centralized and certain decentralized exchanges, crypto ATMs, and brokers and dealers that fall within the scope of the new rules.

Are there any leaks about which DEXs are affiliated with the government?

If data such as IP address, Input/Output address, TX history, browsing history, location, and device/browser info are sufficient for CARF, I think many DEXs would be happy to share them. However, if KYC data is mandatory, it will be a problem for them, especially given their claim to be decentralized platforms.

Seychelles and Cayman Islands are not on the list.

[noorman0]

'cause they purposely flaunt their "decentralized" feature when in reality, they are centralized exchanges. 

Decentralization is limited to smart contracts, but DEXs can embed some of their user tracking code on the front end at the regulator's request.
Furthermore, many DEXs are launching surface web versions that use regulated hosting providers, and governments clearly have full control over them through legal action.

[coupable]

'cause they purposely flaunt their "decentralized" feature when in reality, they are centralized exchanges. 

Decentralization is limited to smart contracts, but DEXs can embed some of their user tracking code on the front end at the regulator's request.
Furthermore, many DEXs are launching surface web versions that use regulated hosting providers, and governments clearly have full control over them through legal action.

This is true. However I see a massive list containing many countries. What I think about is how those countries would know that their citizens are actually using a specific DEX? There will be a check mission for every DEX? And if a DEX refuses to provide users data for one or more countries, what should be the consequences?
DEXs will lose reputation if corporate with governments, while I don't think those countries conbined will be able to monitor every DEX in the actual/future market.

[o48o]

Lol, this is CARF. The OECD's version of "we were late to crypto control, so now we're panicking and collecting everything". Yep, my country is on the list, and I'm "glad" things are starting to get regulated. We have a new finance minister who is aggressive on revenue and conservative on spending. And I wonder how they're going to collect all this stuff too.

This covers centralized and certain decentralized exchanges, crypto ATMs, and brokers and dealers that fall within the scope of the new rules.

Are there any leaks about which DEXs are affiliated with the government?

Work for CARF started in 2019 and got accepted in 2023, so this new only to latest countries. I am not sure why some people thought it wouldn't happen for their countries.

And DEXes are viable solution only if you are going to stay inside crypto ecosystem and never cash out, or if you aren't considering to buy something expensive with your cryptos. Because if you start to connect your cryptos to anything tangible that you need to report, you are going to have hard time to prove the origin of your cryptos. Especially if you wanted to hide it the first place.

There's going to be some privacy though, as there are only so much countries even want to know, or have resources to find out.

[noorman0]

Work for CARF started in 2019 and got accepted in 2023, so this new only to latest countries. I am not sure why some people thought it wouldn't happen for their countries.

This has simply gone unnoticed because their country hasn't been mentioned in related news, so ultimately, everyone is just waiting for their turn. If not, I believe there will be significant consequences, such as financial isolation from the countries previously listed, especially regarding this industry.

-snip-
There's going to be some privacy though, as there are only so much countries even want to know, or have resources to find out.

Yes, people don't like being watched. I actually think p2p transactions will become more vibrant and increase in the near future.

[sunsilk]

This is when the quote applies "if you can't beat them, join them" and now they're joining for the taxation.

As we've mostly left with the choice through decentralized exchanges, I guess that by this time CARF is being applied.

This is now their time to shine and attract more users if they're not dealt and subject to data collection from those agencies involved with this.

[Darker45]

This is when the quote applies "if you can't beat them, join them" and now they're joining for the taxation.

Not just for the sake of taxation. This is a single stone for an entire flock of birds. In the name of taxation, not only are they collecting money, they're also gathering detailed transaction data. As a result, they're deanonymizing addresses and wallets. This is equally about intelligence gathering.

As we've mostly left with the choice through decentralized exchanges, I guess that by this time CARF is being applied.

This is now their time to shine and attract more users if they're not dealt and subject to data collection from those agencies involved with this.

I'm afraid not. The moment they shine, the moment they attract enough users, the authorities will go after them. If their operation remains negligible, they might not attract enough attention. Once they grow big, once they become a handy alternative for CARF violators, the powerful force of governments will descend upon them.

[sunsilk]

This is when the quote applies "if you can't beat them, join them" and now they're joining for the taxation.

Not just for the sake of taxation. This is a single stone for an entire flock of birds. In the name of taxation, not only are they collecting money, they're also gathering detailed transaction data. As a result, they're deanonymizing addresses and wallets. This is equally about intelligence gathering.

They're hitting two birds with one stone. Looks like a very collaborated plan from the very beginning. Crypto shouldn't be like this.

But I guess that this is part of the adoption that we've been asking for.

As we've mostly left with the choice through decentralized exchanges, I guess that by this time CARF is being applied.

This is now their time to shine and attract more users if they're not dealt and subject to data collection from those agencies involved with this.

I'm afraid not. The moment they shine, the moment they attract enough users, the authorities will go after them. If their operation remains negligible, they might not attract enough attention. Once they grow big, once they become a handy alternative for CARF violators, the powerful force of governments will descend upon them.

Yeah, that's likely to happen. And so, all of these ruling that they're doing for everyone to be attracted ends with a data and tax collections.

[JeromeTash]

This is when the quote applies "if you can't beat them, join them" and now they're joining for the taxation.

That is what Governments are good at. Reaping from where they did not sow. Lots of countries jumping into the bandwagon, including some developing countries with very corrupt leaders. Why are they all of a sudden trying to get tax out of something they have been trying to ban and demonize for years?

But I guess that this is part of the adoption that we've been asking for.

No, we didn't ask for that kind of "adoption"

[sunsilk]

This is when the quote applies "if you can't beat them, join them" and now they're joining for the taxation.

That is what Governments are good at. Reaping from where they did not sow. Lots of countries jumping into the bandwagon, including some developing countries with very corrupt leaders. Why are they all of a sudden trying to get tax out of something they have been trying to ban and demonize for years?

It's true and that also includes the seizure of Bitcoin and so, that's a lot of profits they've made by just doing one action in it that also has got the taxes.

They have told a lot of bad things about Bitcoin and now, they're willing to do things positively for the sake of taxation.

But I guess that this is part of the adoption that we've been asking for.

No, we didn't ask for that kind of "adoption"

We asked for adoption and that includes the approval of the government, and this is how they'll reciprocate and part of that adoption.

[rat03gopoh]

No, we didn't ask for that kind of "adoption"

Governments won't truly approve any adoption without some benefit, even more than the benefit of actively engaged users. The more a country needs money or prefers to rely on the protection/assistance of organizations, the more they'll be at the forefront of joining the policy, even if you have to be the object of this "exploitation".

[Darker45]

But I guess that this is part of the adoption that we've been asking for.

No, we didn't ask for that kind of "adoption"

Not directly at least, but perhaps indirectly. It's like wanting to join a foam party without the intention of getting wet. Everybody wished for Bitcoin to hit mainstream adoption. But it's certainly difficult to imagine Bitcoin getting into the mainstream without the powerful government minding it a bit.

People cheered when banks and institutions got into the game. Personalities exhort billionaires and trillion-dollar companies to invest in Bitcoin. Now, it's almost a 2-trillion dollar asset. Tens of billions worth of Bitcoin is being traded daily. It would be a mystery if governments won't want to at least tax it. 

[JeromeTash]

Not directly at least, but perhaps indirectly. It's like wanting to join a foam party without the intention of getting wet. Everybody wished for Bitcoin to hit mainstream adoption. But it's certainly difficult to imagine Bitcoin getting into the mainstream without the powerful government minding it a bit.

Or we could look at it the other way round. Bitcoin has been an unstoppable force with more people knowing and joining it for years, and so the Government didn't want to be left out, and they had to force their way in as well.

People cheered when banks and institutions got into the game.

To be honest, I was one of the people who never cheered for this  
I know how predatory banks and financial institutions can be.

[Karl_3000]

If data such as IP address, Input/Output address, TX history, browsing history, location, and device/browser info are sufficient for CARF, I think many DEXs would be happy to share them. However, if KYC data is mandatory, it will be a problem for them, especially given their claim to be decentralized platforms.

If the decentralized exchanges are the ones that people can convert bitcoin and other coins to fiat and they are ready to cooperate with the government, the so called decentralized exchanges can easily know also the bank details of their users as long as they are selling coins on the exchange.

[Darker45]

Not directly at least, but perhaps indirectly. It's like wanting to join a foam party without the intention of getting wet. Everybody wished for Bitcoin to hit mainstream adoption. But it's certainly difficult to imagine Bitcoin getting into the mainstream without the powerful government minding it a bit.

Or we could look at it the other way round. Bitcoin has been an unstoppable force with more people knowing and joining it for years, and so the Government didn't want to be left out, and they had to force their way in as well.

Yeah, because the government is that bully kid who could enter the game as soon as it looks fun and recreates the rules for everybody to obey, not that timid child who could only watch from the sidelines.

And because it has become fun and Bitcoin didn't stay as a geek's internet money, you now have to declare your Bitcoin assets for tax and other purposes, your transactions are being tracked, your information are being submitted and shared, you're being sold IOUs, and so on.

It seems the progress of adoption lately carefully follows the baton of the government.

People cheered when banks and institutions got into the game.

To be honest, I was one of the people who never cheered for this  
I know how predatory banks and financial institutions can be.

While I've always been strongly suspicious and vocal about it, I guess I'm guilty of being excited of the pumps that it resulted into.