Crypto-Asset Reporting Framework – Public Consultation
Following its formal commitment to Crypto-Asset Reporting Framework ("CARF") implementation in November 2024, the United Arab Emirates ("UAE") Ministry of Finance ("MoF") has officially signed the CARF Multilateral Competent Authority Agreement on 21 July 2025.
CARF establishes a framework for the automatic exchange of tax-relevant information on crypto-asset activities. CARF is designed to ensure that the rapid expansion of the crypto-asset market does not undermine global tax transparency.
CARF’s implementation in the UAE is scheduled to go live in 2027, with first exchanges of information expected to take place in 2028.
MoF has launched a public consultation to gather stakeholder input on the proposed introduction of CARF in the UAE, particularly on its impact on stakeholders and areas where further guidance may be needed. MoF is especially interested in input from businesses such as advisory service providers, broker-dealers, custodians, exchange platforms, and other stakeholders likely to be affected.