Starting this year, 48 countries worldwide will begin recording cryptocurrency wallet transaction data, in line with the cryptocurrency reporting framework to be implemented in 2027.

PANews reported on January 2nd that, according to Cointelegraph, with the global rollout of the Crypto Asset Reporting Framework (CARF), 48 countries and regions worldwide will begin recording crypto wallet transaction data this year to align with the CARF, which is scheduled to be officially implemented in 2027.

In accordance with the international tax transparency framework established by the Organisation for Economic Co-operation and Development (OECD), participating jurisdictions' crypto service providers, including centralized exchanges, some decentralized exchanges, crypto ATMs, and brokers, have been required to begin collecting necessary transaction data. Furthermore, a second batch of 27 jurisdictions, including Australia, Canada, Mexico, and Switzerland, will begin collecting data on January 1, 2027, with information sharing commencing in 2028.