Analysis: OECD promotes the implementation of CARF, and the "offshore crypto asset tax avoidance era" is gradually coming to an end.

Odaily Planet Daily reports: As global cryptocurrency tax regulation continues to tighten, industry experts believe that the “offshore crypto asset tax avoidance era” is gradually coming to an end. Large holders of undeclared offshore crypto assets are facing higher compliance risks, and some investors have begun proactively seeking voluntary disclosures to reduce potential criminal risks. The Crypto Asset Declaration Framework (CARF) promoted by the Organisation for Economic Co-operation and Development (OECD) has been implemented in multiple jurisdictions, aiming to unify global crypto asset reporting standards and requiring trading platforms, brokers, and other institutions to provide account and transaction data to tax authorities. The mechanism will combine fiat deposit and withdrawal data, on-chain analysis, and internal ledger data from trading platforms, significantly enhancing regulators’ ability to track undeclared assets. Market analysts expect that, with over 70 countries committing to advance CARF, relevant transaction data will be gradually collected starting in 2026 and will enter the first phase of cross-border tax information exchange in 2027. Crypto asset tax compliance requirements are expected to continue tightening. (CoinDesk)