Analysis: With the OECD promoting the implementation of CARF, the "era of offshore crypto asset tax avoidance" is gradually coming to an end.

As global cryptocurrency tax regulations continue to tighten, industry observers believe the "era of offshore cryptocurrency tax avoidance" is gradually coming to an end. Holders of large amounts of undeclared offshore cryptocurrency assets are facing higher compliance risks, and some investors have begun proactively seeking voluntary disclosure to mitigate potential criminal risks. The Crypto Asset Reporting Framework (CARF), promoted by the OECD, has been implemented in multiple jurisdictions, aiming to unify global standards for cryptocurrency information reporting and requiring trading platforms, brokers, and other institutions to provide account and transaction data to tax authorities. This mechanism will combine fiat currency deposit and withdrawal data, on-chain analytics, and trading platform internal ledger data, significantly improving regulators' ability to track undeclared assets. Market analysts predict that with over 70 countries committing to CARF, relevant transaction data will be gradually collected starting in 2026, entering the first round of cross-border tax information exchange in 2027, and cryptocurrency tax compliance requirements may continue to become stricter. (CoinDesk)