Starting January 1, 2026, a new Reporting System for Crypto Assets (CARF) will come into effect, fundamentally changing tax transparency in 48 countries around the world. At the same time, important changes in legislation regarding cryptocurrencies are also taking place in Central Asia.
CARF: A New Era of Tax Control
The Organisation for Economic Co-operation and Development (OECD) has officially announced the implementation of a system for the automatic exchange of tax information on crypto assets. Now, cryptocurrency service providers are required to collect detailed information about their users and their transactions for subsequent submission to tax authorities.
The first reports will be submitted in 2027 for the 2026 financial year, paving the way for automatic data exchange between the tax services of participating countries.
Within the European Union, the DAC8 directive also requires crypto platforms to collect data on transactions of EU resident users starting January 1, with reporting to be submitted between January and September 2027.
Tightening Control in the UK
The UK tax authority (HMRC) has confirmed that CARF will take effect on January 1, 2026. British cryptocurrency service providers will be required to collect tax information annually and conduct thorough user verification.
It is important to note that the first report must be submitted between January 1 and May 31, 2027. Subsequently, reports will need to be submitted by May 31 of each year for the previous calendar year.
The system covers all types of cryptocurrency transactions, including exchanges of cryptocurrencies for fiat money, exchanges between different digital assets, transfers to wallets, and even some NFTs.
Consequences for the Crypto Market
The new regulations will affect all key aspects of the crypto industry. The automatic exchange of tax information between multiple countries will make it nearly impossible to hide income from transactions with digital assets.
Platforms will have to implement strict user identification procedures and closely monitor all transactions. This, in turn, will effectively end the anonymity that has long been one of the main attractive features of cryptocurrencies.
The global synchronization of tax regulation marks a transition to a more institutional phase in the development of the industry. This will create more stable conditions for business but will require significant investments in the appropriate systems.
Situation Analysis
From a data analysis perspective, the current situation resembles the implementation of automatic banking information exchange in the early 2010s. At that time, the offshore industry did not disappear but transformed, with new jurisdictions and schemes emerging. CARF covers centralized platforms, while decentralized protocols remain in a gray area.
Historical examples show that with the tightening of regulation, more evasion technologies emerge. Decentralized exchanges, direct wallet-to-wallet exchanges, and anonymous cryptocurrencies may gain new momentum for development. The paradox is that attempts to strengthen control often lead to the creation of more sophisticated tools for concealing transactions. Will the crypto industry remain within the framework of regulation or will it move into the shadows of the digital economy?
According to the government plan on migration policy, a new system for monitoring the movements of foreigners will be implemented in Russia by the end of 2027. Additionally, in 2026, the development...
A project concerning the integration of information systems of various organizations and agencies with the State Tax Service has been submitted for consideration. This initiative was developed to...
According to the State Customs Service, the entry into force of the decision of the Eurasian Economic Commission Council dated December 5, 2025, No. 111 implies the cancellation of import duties on...
In the Kyrgyz Republic, the mechanism for using the net profit of state enterprises has been revised, aimed at supporting the modernization of their material and technical base. According to the new...
Starting from January 20, 2026, Federal Law No. 257-FZ dated July 23, 2025, will come into effect, which introduces changes to the rules for crossing the border for minor citizens of Russia. Brief...
Starting from January 1, 2026, a comprehensive set of new laws will come into effect in Kyrgyzstan. Kaktus.media has compiled the main changes affecting the lives of ordinary citizens. Cancellation...
Operations may be suspended if there are suspicions, and the information will be forwarded to the financial intelligence service. Starting from January 14 of this year, exchange offices in Bishkek...
- On December 29, 2025, a Protocol was signed that amends the Agreement on Unified Principles and Rules for the Circulation of Medical Devices in the Eurasian Economic Union. This was reported by the...
Starting from January 1 of next year, the extension of the temporary ban on the export of gasoline, diesel fuel, and other petroleum products will come into effect, as reported by the published...
According to the new regulation, exchange offices must: implement an internal control system and appoint a responsible employee; verify clients, their documents, and, if necessary, the source of...
The Council of the Eurasian Economic Commission adopted Decision No. 111 on December 5, 2025, regarding the provision of a tariff exemption for electric vehicles that will be imported into certain...
The Ministry of Health of Kyrgyzstan has announced plans to complete the implementation of the drug traceability system by the end of January 2026. On December 23, Acting Minister of Health Kanibek...
A new structure is functioning in the city hall of Osh. On December 23, 2025, during a session of the Osh City Council, the deputies approved the establishment of a new institution called the...
Participants in foreign economic activity received important information from the State Customs Service regarding new rules concerning the import of electric vehicles. On December 5, 2025, the...
The Hockey Federation of Kyrgyzstan has announced the holding of the Youth World Ice Hockey Championship. The competition will take place in Bishkek from January 18 to 24, 2026. Teams from Division...
Starting from January 14, new rules approved by the National Bank regarding the operation of exchange offices will come into effect in Kyrgyzstan. Now, in the case of large or unusual transactions,...
Kazakhstan is preparing to chair the EAEU in 2026, taking over from Belarus. During this time, an important meeting of the Supreme Council will take place in Astana, where the leaders of the member...
A draft law has been presented to the Jogorku Kenesh that amends several regulatory acts concerning the maintenance of silence and the prevention of offenses. In particular, the changes affect the...
The Ministry of Health has shared information about the operation of medical institutions during the New Year holidays, reports 24.kg. In order to ensure the availability of medical services, all...
According to information from the State Customs Service of the Kyrgyz Republic, starting from January 22, 2026, customs duty exemptions for electric vehicles will be introduced in the country. These...
As of January 1, 2026, all foreign citizens planning to travel to Georgia will be required to comply with new entry rules. In particular, they must have a valid health insurance policy that also...
- On December 31, 2025, the President of Kazakhstan, Kassym-Jomart Tokayev, sent an official address to the leaders of the countries participating in the Eurasian Economic Union, announcing the start...
- On December 25, during a meeting of the Jogorku Kenesh, parliamentarians reviewed and adopted the bills "On Amendments to the Law on the Budget of the Social Fund of the Kyrgyz Republic for...
According to the press service of the Ministry of Economy and Commerce of the Kyrgyz Republic, the new concept aims to define strategic directions for the tourism industry, as well as to implement...
January 11, 2026, is the final deadline for submitting applications for accreditation of media and online publications wishing to participate in the election campaign for the repeat elections of...
The Ministry of Water Resources, Agriculture, and Processing Industry of the Kyrgyz Republic has announced the start of pilot operation of an automated information system (AIS) for processing...
Starting from January 1, 2026, a new testing format for migrants related to the assessment of their knowledge of the Russian language will come into effect in Russia. The testing will be conducted on...
Starting from January 1, new rules for foreign citizens planning to visit Georgia have come into effect. According to information provided by the Ministry of Foreign Affairs of the Kyrgyz Republic,...
The Department of Ground and Water Transport under the Ministry of Transport and Communications has announced a tender for the refinement of the weight and dimension control module in the Automated...
On January 6, a telephone conversation took place between the Minister of Foreign Affairs of the Kyrgyz Republic, Jeenbek Kulubaev, and his Belarusian counterpart, Maxim Ryzhenkov, as reported by the...
The Ministry of Foreign Affairs of the Kyrgyz Republic announces the introduction of new requirements for foreign citizens planning trips to Georgia. Starting from January 1, 2026, new rules will...
The Mayor of Moscow, Sergey Sobyanin, presented a report on the activities of the city government, in which he stated that the control system at Moscow airports filters out every tenth migrant....
Kyrgyzstan has submitted a bid to host two world wrestling championships, as reported by the Wrestling Federation of the Kyrgyz Republic in an interview with Sport AKIpress. UWW President Nenad...
In connection with the New Year celebrations, the operation of the Public Service Centers (PSC) will be carried out according to a modified schedule, as reported by the press service of the State...
New Year 2026 is already being celebrated in several countries, while in Kyrgyzstan, the celebration will begin at midnight from December 31 to January 1. Eight countries in the world celebrate this...
The "Taxpayer's Cabinet" service and its mobile version have become important tools for remote interaction with tax authorities. They allow users to submit reports, pay taxes online,...
In recent statements, Trump noted that the U.S. commitment to protecting Iranian protesters and the threat of control over Greenland could raise concerns in countries like Iran and Denmark. He...
Since the New Year holidays are a time when many resolve financial matters, it is important to know the operating hours of banks from January 1 to January 11, 2026, in advance. The editorial team of...
- The President of Kazakhstan, Kassym-Jomart Tokayev, in his address to the heads of state of the Eurasian Economic Union (EAEU), highlighted the second important direction of his chairmanship in the...
The Olympic football team of Kyrgyzstan for players under 23 years old has successfully arrived in Jeddah, Saudi Arabia, to participate in the final stage of the U-23 Asian Cup 2026, which will...
The Rosselkhoznadzor announced plans to connect Kyrgyzstan to the electronic exchange system for veterinary certificates. This initiative aims to improve digital interaction in international trade,...
The Cabinet of Ministers has approved a new decree regarding the New Year holidays of 2026. This decision was signed by the Chairman of the Cabinet, Adylbek Kasymaliev. According to this document,...
- As it became known, starting from January 22, 2026 , a tariff exemption for the import of electric vehicles to Armenia, Belarus, and Kyrgyzstan will come into effect, as reported by the Eurasian...
- On December 10, 2025, the Cabinet of Ministers signed order No. 1089-t, which amends the previous order from April 23, 2024, No. 184-r. As a result of this amendment, the deadline for the...
The government is implementing a new model to support investors According to Ravshanbek Sabirov, head of the National Investment Promotion Agency, as of January 1, 2026, the practice of unreasonable...
Starting January 18, 2026, new legislation regarding the creation and distribution of materials generated by artificial intelligence, including deepfakes, will come into effect in Kazakhstan....
The refereeing team for the match between Kyrgyzstan and Saudi Arabia in the Youth Asian Cup (U-23) has already been determined. The first match of the group stage will take place on January 6 in...
With the introduction of mandatory labeling of gasoline and diesel fuel, both imported and locally produced, starting from October 1, 2024, there has been an improvement in the control over the...
