New global crypto tax rules spark privacy concerns as CARF and DAC8 take effect

Beincrypto reports the crypto community is raising concerns about privacy as two new tax reporting frameworks — the OECD’s Crypto-Asset Reporting Framework (CARF) and the EU’s DAC8 directive — take effect in 2026. The OECD-developed CARF was implemented on January 1 by 48 countries, including the United Kingdom, Germany, France, Japan, South Korea and Brazil.

The framework requires in-scope service providers to collect expanded customer data, determine and verify users' tax residency, submit periodic reports on reportable crypto-asset transactions and exchange the reported data under international agreements; the first annual CARF reports are due in 2027.

The European Commission’s DAC8 also took effect at the beginning of the year and mandates crypto-asset reporting across all 27 EU member states, requiring providers to collect and report detailed user and transaction data to national tax authorities. Companies have a six-month transition period to achieve full compliance, until July 1, 2026, and the first DAC8 report is due within nine months after the end of the initial fiscal year covered by the directive (between January 1 and September 30, 2027).

Key Topics

Crypto, Carf, Oecd, European Union, European Commission