The Crypto Transparency Revolution Nobody Asked For

The OECD’s Crypto-Asset Reporting Framework (CARF) establishes global standards for monitoring, reporting, and exchanging information on crypto transactions. Designed to combat tax evasion, CARF mandates reporting from exchanges, intermediaries, and service providers on activities involving NFTs, crypto-fiat trades, and wallet transfers. While the framework expands definitions beyond FATF standards and promotes international cooperation, challenges remain around decentralized platforms, reliable identification of wallet owners, and enforcement in cross-border contexts.