Standard
OECD standard for automatic tax-information exchange on crypto-assets, requiring service providers to collect user data and report it to tax authorities.
Australia's Treasury released a draft bill on October 15 to write the OECD's crypto reporting framework into law, with comment open until October 28. Cross-border exchanges are planned for 2028, and the OECD counts 77 jurisdictions committed by 2029.
Reality
Lithuania's tax inspectorate issued Order VA-63, defining which crypto users platforms must report under DAC8 rules in force since Jan. 1, 2026. The 2027 exchanges between EU tax offices draw on records being generated now, so a platform still building its due-diligence systems is already behind.
Reality
Label and Sovos are selling crypto platforms one system for CARF, whose first filings in 2027 cover trades made during 2026. Their bet is that exchanges and custodians would sooner buy one pipeline for CARF, FATCA, CRS and US 1099-DA forms than build their own.
Reality
Iris Au got 18 months and a $1.48 million restitution order for failing to report $2.6 million that moved through her own bank accounts between 2020 and 2023. The charge was filing a false tax return.
Reality
HMRC's crypto warning letters are up 25% to 81,000 and still largely guesswork. From 2027, CARF replaces the guessing with matched account data, and waiting stops being cheap.
Reality
The framework reaches the volume that already runs through exchanges. The remainder is about six times larger, and the firm that sized it sells the alternative.
Reality