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ARTICLE · 02 DECEMBER 2025

Regulations Now Published On CARF And CRS

Cayman Islands Government
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Regulations to implement two international tax reporting frameworks in the Cayman Islands, the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS), were published yesterday, Thursday, 27 November in the Cayman Islands Legislation Gazette.

Cayman IslandsFinance and Banking
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Grand Cayman, 28 November 2025 - Regulations to implement two international tax reporting frameworks in the Cayman Islands, the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS), were published yesterday, Thursday, 27 November in the Cayman Islands Legislation Gazette.

Taken together, CARF and the amended CRS build on existing tax transparency frameworks and seek to prevent the use of virtual assets for tax avoidance and evasion.

Specifically, the Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025 helps to facilitate the automatic exchange of information on transactions in crypto-assets, including payment tokens (e.g. stablecoins and Bitcoin), utility tokens, certain non-fungible tokens, and security tokens.

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