Global cryptocurrency tax oversight is entering a critical phase. Authorities across 48 nations have begun coordinating data collection efforts in preparation for the Common Reporting Standard for Crypto Assets (CARF) rollout scheduled for 2027.

This coordinated push marks a significant shift in how governments will track digital asset transactions and user holdings. The scope is unprecedented—spanning developed economies to emerging markets—creating a unified compliance framework that's set to reshape how individuals and institutions report crypto activities.

The CARF 2027 implementation will require exchanges and custodians to report detailed transaction information to tax authorities, fundamentally changing the operational landscape for crypto platforms globally. Participants should expect stricter KYC/AML requirements and enhanced reporting standards well before the official deadline.