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"CARF's Global Tax Dragnet on Crypto: A Comprehensive Look" (Author @agintender) Previously, it was difficult for tax authorities in users' resident countries to comprehensively obtain information about their cryptocurrency trading on exchanges. Now, CARF will connect users' tax residency countries with the jurisdictions of exchanges. Once they establish a CARF cooperation relationship, a user's tax residency country will be able to obtain detailed information about their domestic tax residents' cryptocurrency trading abroad and conduct tax administration accordingly. The biggest difference between CARF and CRS is: CRS checks "how much money you have," while CARF checks "where you moved your money"; Many veteran OGs believe that as long as they manage their assets before the first information exchange in 2027, everything will be fine. This is incorrect. Read the full article: