CARF and the revised CRS rules are no longer theoretical — they’re becoming enforceable global standards that will directly impact crypto platforms, customer onboarding, and transaction reporting.
This on-demand masterclass brings together regulatory and industry experts for a practical deep dive into the Crypto-Asset Reporting Framework (CARF): what it is, how it’s rolling out globally, and what crypto-asset service providers must do now to prepare.
Hosted by Max Burnt (Managing Director, Europe at Taxbit), the session features Dion Seymour (Director at Andersen) and Colby Mangels (Taxbit), who previously worked at the Organisation for Economic Co-operation and Development on the development and implementation of CARF itself.
Together, they unpack how CARF moved from concept to regulation — and what operational readiness really looks like as jurisdictions move toward enforcement.
Key Takeaways
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CARF is about transparency, not taxability: CARF is an information-reporting framework focused on financial transparency. Transactions must be reported whether or not they are taxable.
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Global adoption is happening in waves: Implementation is staggered across jurisdictions, with many countries requiring compliance starting 1 January 2026. EU countries and the UK lead wave one, followed by additional regions, with the US currently expected later.
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Scope starts with “effectuating” transactions: If your business facilitates crypto-to-crypto, crypto-to-fiat, or fiat-to-crypto transactions, you may already be in scope — regardless of custody.
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Reporting is annual and aggregated — but data-heavy: CARF requires providers to calculate yearly aggregates per user and per asset type, including total transaction amounts and key gains or losses. This demands robust product mapping and transaction classification.
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Customer due diligence goes beyond KYC: Self-certification of tax residence is mandatory, alongside traditional AML/KYC. Firms must also monitor ongoing changes in customer circumstances.
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Crypto asset definitions are broad:
Most blockchain or DLT-based assets used for payment or investment fall under CARF, including major payment coins and many stablecoins.
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Compliance is continuous, not one-time: After onboarding, firms must actively track changes such as address or jurisdiction updates and refresh customer records accordingly.
Panel of Experts
Max Bernt – Taxbit
Dion Seymour – Andersen
Colby Mangels – Taxbit
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