The OECD Crypto-Asset Reporting Framework (CARF) is an international tax-reporting standard designed to facilitate automatic exchange of cryptocurrency transaction data between participating national tax authorities.

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The Internal Revenue Service's current voluntary disclosure program primarily targets taxpayers whose willful failure to comply with tax laws exposes them to potential criminal prosecution

Section 502 of the proposed Digital Asset Tax Certainty Act would establish a statutory voluntary disclosure program tailored for crypto taxpayers who made unintentional reporting errors

The Internal Revenue Service aims to resolve tax disclosure cases within 120 days after taxpayers submit the required completion documents under the IRS's revamped voluntary disclosure program

Internal Revenue Service Criminal Investigation Chief Jarod Koopman announced plans to introduce a revised version of the IRS's voluntary disclosure program covering digital assets before December 2026

The United States House Ways and Means Committee approved the Digital Asset Tax Certainty Act in September 2026

The Internal Revenue Service decided to handle digital asset disclosures through its general voluntary disclosure program rather than creating a separate channel for cryptocurrency

The Internal Revenue Service's existing voluntary disclosure resolution process can take a year or longer for applicants to complete

France should tax cryptocurrency conversions into stablecoins

Kwon Dae-young, first vice minister at South Korea's Ministry of Economy and Finance, and Yoo Young-jun, director-general at the Financial Services Commission, are set to attend an October 20, 2026 meeting with South Korea's five major crypto exchanges

South Korean lawmakers instructed tax officials during an October 13, 2026 parliamentary hearing to continue administrative preparations unless the National Assembly formally changes the effective date of the 22% crypto tax

Executives from South Korean exchanges Upbit, Bithumb, Coinone, Korbit, and GOPAX, alongside industry body DAXA, requested a postponement of South Korea's 22% crypto tax due to incomplete tax standards and reporting infrastructure

South Korea is expected to conduct its first international exchange of cryptocurrency transaction data under the OECD CARF framework in 2027.

South Korean finance officials and representatives from five major cryptocurrency exchanges scheduled an October 20, 2026 meeting to discuss readiness for the planned January 1, 2027 implementation of virtual-asset taxation.

South Korean cryptocurrency exchanges lack clear regulatory standards and accounting guidelines for specific transaction types including staking rewards, airdrops, hard forks, and decentralized finance activities.

On October 16, 2026, Democratic Party of Korea lawmaker Park Min-gyu introduced an Income Tax Act amendment deferring cryptocurrency taxation until January 1 of the second year after South Korea shares OECD CARF data, targeting 2029.

South Korea's proposed cryptocurrency tax framework imposes a combined 22% tax on annual crypto income exceeding a 2.5 million won basic deduction, comprising a 20% national tax and a 2% local tax.

South Korea first introduced a cryptocurrency income tax framework under the Income Tax Act in 2020 and has since postponed the framework's effective date three times prior to the January 2027 schedule

Domestic cryptocurrency exchanges expressed operational concerns over tracking asset acquisition costs and calculating taxable gains across unlinked private wallets and foreign trading platforms.

National Tax Service officials stated during an October 13, 2026 parliamentary audit that South Korea plans to publish detailed administrative guidance on virtual-asset taxation around November 2026.

Shinhan Securities analyst Park Sung-jae stated that imposing a 22% tax could shift domestic investment to foreign exchanges like Binance, which offer futures and leverage trading unavailable locally.