As part of their commitment, these jurisdictions plan to transpose the CARF into domestic law and activate exchange agreements in time for Reporting CASPs to commence reporting by 2027.
![[CARF 101] End of Crypto Anonymity? How New Global Tax Rules Affect Investors](https://bitpinas.com/wp-content/uploads/2026/01/Explainer-768x402.png "[CARF 101] End of Crypto Anonymity? How New Global Tax Rules Affect Investors 2")
New global crypto reporting rules under CARF just took effect, forcing exchanges to share user data with tax authorities worldwide.
A new era of global cryptocurrency transparency has officially begun, with the United Kingdom and 47 other jurisdictions enforcing strict new reporting rules as of January 1 to combat tax evasion.
The Philippines vows to implement a global crypto-asset reporting system by 2028 to fight tax evasion and illicit financial flows under President Marcos’ transparency drive.
