Crypto Firms Face CARF Deadline as Global Compliance Lofts
The CARF deadline looms for crypto firms as the OECD's Crypto-Asset Reporting Framework (CARF) took effect on January 1, 2026. The clock is ticking, and compliance is now a top priority.
According to Trans World Compliance, around 76 jurisdictions have committed to the framework on a staggered basis. Some 46 countries, including the UK, all EU-27 member states, Japan, Canada, and Switzerland, will make first exchanges by 2027, while around 29 others, such as Singapore, Hong Kong, and the UAE, follow in 2028.
The United States is targeting 2029 for full compliance, although Form 1099-DA reporting for digital-asset brokers begins with 2026 transactions, carrying standard penalties of roughly $310 per return. In Europe, DAC8 was due to be transposed by member states by December 31, 2025, and applied from January 1, 2026.