OECD's Crypto-Asset Reporting Framework: What Does This Mean For Jersey?

Jersey is moving quickly to implement the OECD's Crypto-Asset Reporting Framework (CARF), marking a significant development for the island's financial and digital asset sectors. On 29 October 2025, the Minister of External Relations lodged draft regulations to incorporate CARF into Jersey law. This follows Jersey signing the Multilateral Competent Authority Agreement in November 2024 and committing to a common implementation timeline alongside other jurisdictions.

The proposed regulations amend existing Common Reporting Standard (CRS) rules to include CARF requirements. The aim is clear: align Jersey with global standards on tax transparency and automatic exchange of information for crypto-asset transactions.