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ARTICLE · 16 DECEMBER 2025

Cayman Sets CARF & CRS 2.0 Rules Ahead Of 2026 Implementation

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The Cayman Islands Government has confirmed that the Crypto Asset Reporting Framework ("CARF") and the amended Common Reporting Standard ("CRS"), widely referred to as CRS 2.0...

Cayman IslandsTechnology
Jonathan McLean
Jonathan McLean
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The Cayman Islands Government has confirmed that the Crypto Asset Reporting Framework ("CARF") and the amended Common Reporting Standard ("CRS"), widely referred to as CRS 2.0, will come into effect on 1 January 2026, with first filings due in 2027.

This announcement follows the earlier consultation on draft CARF regulations and marks the move to a finalised international tax transparency framework for digital assets and financial accounts.

CARF key points

  • Reporting Crypto Asset Service Providers must identify users and apply due diligence procedures.
  • Reportable transactions include exchanges between crypto assets and fiat currencies, exchanges between different crypto assets, and transfers of relevant crypto assets.

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