Finland to Launch Crypto Tax Reporting (CARF) in 2026
Finland will implement the OECD’s Crypto-Asset Reporting Framework (CARF) as a domestic crypto reporting framework from January 1, 2026, exceeding EU DAC8 requirements. Under the new rules, crypto-asset service providers (CASPs) must collect detailed user transaction data and submit annual reports starting January 2027. Finnish authorities, led by senior adviser Juho Hasa, have completed legislative preparations. The crypto reporting framework enhances tax transparency, supports fair capital gains and losses calculations, and strengthens cross-border data sharing through automatic exchange agreements with around 50 participating countries. Other jurisdictions, including the UK, India and the UAE, are also progressing on similar reporting frameworks. Exchanges and platforms must update systems for CARF compliance. Finland’s proactive adoption sets a high standard for regulatory clarity and may bolster institutional confidence in digital assets.
Neutral
The adoption of the crypto reporting framework (CARF) by Finland strengthens tax transparency and regulatory clarity, which can boost institutional confidence in digital assets over the long term. However, the added compliance burdens for exchanges and CASPs may introduce short-term operational costs and complexity. Overall, the impact on market prices is likely neutral, as the framework reduces uncertainty without directly influencing supply or demand dynamics.