《CARF Catching the Net: Global Tax Hunting Against Crypto Circle》(Author @agintender) Previously, when users traded cryptocurrencies on exchanges, it was difficult for tax authorities in their resident countries to comprehensively grasp relevant information. Now, CARF connects users' tax residence countries with exchanges' jurisdictions. Once they establish a CARF cooperation relationship, users' tax residence countries can obtain detailed information about their tax residents trading cryptocurrencies abroad, and conduct tax administration accordingly. The biggest difference between CARF and CRS is: CRS checks "how much money you have," while CARF checks "where your money flows to." Many old OGs believe that as long as they settle their assets before the first information exchange in 2027, everything will be fine. This is incorrect. Read the full text: