UAE Signs CARF Deal, Crypto-Asset Reporting Framework Starts 2027
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- UAE signs CARF, first crypto data exchange set for 2028.
- Consultation open until Nov. 8 for UAE crypto stakeholders.
- CARF links UAE oversight with VARA, SCA, FSRA, and CBUAE.
The UAE Ministry of Finance has formally signed onto the Crypto-Asset Reporting Framework (CARF), binding the country to a global system for automatically sharing tax data on digital assets.
The move comes less than a year after Abu Dhabi first announced its intention to adopt CARF in November 2024, and it positions the UAE alongside other early adopters of the OECD-designed standard.
CARF Timeline: From Signing to Enforcement
According to reports, the Finance Ministry confirmed that CARF will take effect in 2027, with the first exchanges of information beginning in 2028.
Once live, the framework will require local crypto intermediaries, custodians, and platforms to report transactio…
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