According to FT, the UK and over 40 other countries have implemented new crypto asset tax regulations starting January 1. Under the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to HM Revenue & Customs (HMRC). The UK is one of the first 48 countries to implement this framework. As per the arrangement, starting from 2027, HMRC will automatically share relevant data with EU member states, Brazil, the Cayman Islands, South Africa, and other participating countries. A total of 75 countries have committed to implementing CARF, with the US planning to adopt it in 2028 and begin information exchange in 2029. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54444