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ARTICLE · 04 FEBRUARY 2026

The New Crypto-Asset Reporting Framework – Relevance For Cayman Investment Funds

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The Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025 (CARF Regulations) came into effect on 1 January 2026 and provide for the collection, reporting and automatic exchange of information on transactions in crypto-assets.

Cayman IslandsTechnology
Matt Mulry
Matt Mulry
Martin Byers
Martin Byers
Peter Colegate
Peter Colegate
Maree Martin
Maree Martin
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The Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025 (CARF Regulations) came into effect on 1 January 2026 and provide for the collection, reporting and automatic exchange of information on transactions in crypto-assets.  The CARF Regulations will operate in a similar fashion to the existing Cayman Common Reporting Standard (CRS) regime which facilitates the automatic exchange of financial account information.  For information on recent changes to the CRS, please see our December advisory here.

Application of the CARF Regulations

The CARF Regulations reporting and due diligence requirements apply to Cayman “Reporting Crypto-Asset Service Providers” (RCASP) being any individual or entity that, as a business* (see further below) provide services effectuating “Exchange Transactions” for or on behalf of customers, including by acting as a counterparty, or as an intermediary, to such Exchange Transactions, or by making

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