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PANews reported on February 1st, citing Coindesk, that as global crypto tax regulations continue to tighten, industry observers believe the "era of offshore cryptoPANews reported on February 1st, citing Coindesk, that as global crypto tax regulations continue to tighten, industry observers believe the "era of offshore crypto

OECD advances implementation of crypto asset reporting framework, ushering in a new phase for global crypto tax compliance.

Author: PANews

Source: PANews

2026/02/01 22:12

1 min read

News Brief

# Humanized VersionPANews reported on February 1st via Coindesk that the days of stashing crypto assets offshore to sidestep taxes are essentially coming to an end as worldwide regulations tighten their grip. Investors sitting on substantial undeclared offshore holdings now confront genuine compliance dangers. Consequently, some are choosing voluntary disclosure to steer clear of criminal charges. The OECD's Crypto Asset Reporting Framework (CARF) is actively being implemented across numerous jurisdictions, standardizing global crypto reporting protocols. Trading platforms and brokers must now submit account and transaction information directly to tax agencies. Analysts believe this framework—combining fiat records, blockchain forensics, and platform intelligence—significantly strengthens regulators' ability to uncover concealed wealth. With over 70 nations embracing CARF, data gathering begins in 2026, followed by initial cross-border tax information exchanges in 2027, suggesting crypto taxation will only intensify moving forward.

PANews reported on February 1st, citing Coindesk, that as global crypto tax regulations continue to tighten, industry observers believe the "era of offshore crypto asset tax avoidance" is gradually coming to an end. Holders of large amounts of undeclared offshore crypto assets are facing higher compliance risks, and some investors have begun proactively seeking voluntary disclosure to mitigate potential criminal risks. The Crypto Asset Reporting Framework (CARF), promoted by the OECD, has been implemented in multiple jurisdictions, aiming to unify global crypto asset information reporting standards and requiring trading platforms, brokers, and other institutions to provide account and transaction data to tax authorities. This mechanism will combine fiat currency deposit and withdrawal data, on-chain analytics, and trading platform internal ledger data, significantly improving regulators' ability to track undeclared assets. Market analysts predict that with over 70 countries committing to CARF, relevant transaction data will be gradually collected starting in 2026, entering the first round of cross-border tax information exchange in 2027, and crypto asset tax compliance requirements may continue to tighten.

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