Global transparency rules mean that in future crypto investors will find it much harder to avoid paying capital gains tax on their earnings from crypoassets as global tax authorities exchange data.

The latest consultation seeks views on how best to implement the OECD’s cryptoasset reporting framework (CARF) and amendments to the common reporting standard (CRS), which will cover crypto for the first time from 2026.

The growth of the cryptoasset market has created significant challenges to tax transparency frameworks like the CRS that are integral to tackling tax evasion, tax avoidance and non-compliance.