A regulatory resolution (No. 000240) has mandated that crypto exchanges and service providers implement comprehensive reporting requirements for user transactions involving Bitcoin, Ethereum, and stablecoins like USDT and USDC. These requirements align with the OECD's Common Reporting Standard for Crypto-Assets (CARF). The compliance framework kicks in starting from the 2026 tax year, with platforms required to submit their first batch of reports by May 2027. This marks a significant shift toward standardized global tax transparency in the crypto sector, affecting how major trading venues handle transaction data and user information.
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A regulatory resolution (No. 000240) has mandated that crypto exchanges and service providers implement comprehensive reporting requirements for user transactions involving Bitcoin, Ethereum, and stablecoins like USDT and USDC. These requirements align with the OECD's Common Reporting Standard for Crypto-Assets (CARF). The compliance framework kicks in starting from the 2026 tax year, with platforms required to submit their first batch of reports by May 2027. This marks a significant shift toward standardized global tax transparency in the crypto sector, affecting how major trading venues handle transaction data and user information.