CARF takes effect next year: Tax information interconnection across 48 countries, encrypted user privacy is no longer a secret

ZkSnarker · 2025-12-30T14:16:14+00:00

Starting from January 1 next year, CARF will be implemented in 48 countries and regions, requiring exchanges to collect users' tax identification information and report regularly. This will strengthen scrutiny, reduce the possibility of tax evasion, and mark the end of the era of anonymous crypto assets.

ZkSnarker

2025-12-30 14:16:14

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【ChainNews】Starting January 1st next year, the CARF (Crypto Asset Reporting Framework) will be officially implemented in 48 countries and regions, including major markets like the UK and the EU.

What does this mean? Simply put—exchanges will need to proactively collect your tax identification information and regularly report your asset holdings, transaction records, and other data to tax authorities. Tax agencies in different countries will also be able to exchange this information.

For platforms, this is a rule reshaping. For users, scrutiny will become stricter, and the space for tax evasion will be virtually eliminated. Many say this is the “watershed moment for compliance gaming.”

Your trading data and holdings will ultimately be accessible to tax authorities. So if you’ve previously engaged in “creative operations,” you now need to seriously consider the consequences. The rollout of this framework, to some extent, signals that the era of anonymity in crypto assets is truly over.

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SmartContractPlumber

· 6h ago

Someone should have taken control of this matter earlier. The logical loophole in that previous "creative operation" is similar to the permission control of certain smart contracts—appearing to bypass it, but in reality, it's only a matter of time before it fails. With the 48-country joint effort in place, there's basically no room for maneuver.

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SwapWhisperer

· 7h ago

The era of anonymity is truly gone. It was obvious long ago that the days of wild growth in the crypto world would never return. The implementation of CARF was actually expected; it was bound to happen sooner or later. For now, some people are still gambling on luck. This wave has directly separated retail investors from institutional players. The exchanges now have to cooperate; there's no room for negotiation. Those who evaded taxes in earlier years should start taking it seriously now. All the data is available; it just depends on when the tax authorities decide to dig up old cases. In simple terms, on-chain data never disappears, and privacy has long been a joke. Doing compliant business is still necessary; gambling on non-compliance is really not worth it.

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PumpDetector

· 7h ago

lmao the anonymity era was always a myth anyway... been reading the tea leaves since mt gox and this was inevitable. 48 countries coordinating? that's some serious institutional flow right there, tbh the smart money already priced this in

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ChainWatcher

· 7h ago

I knew it would be like this all along; the era of privacy is indeed coming to an end. Now DEXs are going to be popular, which CEX would still dare to require real identities? Once CARF is implemented, how many people will have to pay back taxes, haha. Those "creative maneuvers" from before probably won't sleep well now. The era of anonymity is over; I saw it coming a long time ago.

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ChainMaskedRider

· 7h ago

The era of anonymity has come to an end. It's time to pay taxes, everyone—there's nowhere to run.

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