
Australia drafts CARF crypto tax reporting law, first data exchanges in 2028
- —The Treasury Laws Amendment Bill 2026 would require crypto platforms and custodians to report to the ATO
- —Consultation on the draft is open until October 28, 2026
- —Australia joins a bloc of 77 jurisdictions that have endorsed CARF
- —First automatic tax data exchanges are slated for 2028
Why it matters: Australia is joining the global crypto tax data network, raising transparency for cross-border holdings and compliance burdens for exchanges and custodians.
Source: Bit2Me News