The Crypto‑Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS) are international standards that require financial and crypto‑asset service providers to collect certain customer information and report it to tax authorities to support global tax information transparency.
These regulations don’t change your personal tax obligations. Coinbase does not provide legal or tax advice. Tax rules vary by country. Consult a qualified tax professional to determine what applies to you.
The following information only applies to our non-US customers residing in:
Andorra, Brazil, EU/EEA, Gibraltar, Guernsey, Isle of Man, Jersey, Monaco, San Marino, Switzerland, and the United Kingdom.
*Excludes residents of Australia, India, and APAC.
CARF and CRS defined
CARF is a new global standard developed by the Organisation for Economic Co-operation and Development (OECD) for crypto‑asset reporting; it requires collection and reporting of customer and crypto-related transactional information for tax purposes by companies like Coinbase.
CRS creates a system for the automatic exchange of financial account information between participating jurisdictions which now applies to crypto companies like Coinbase.
How reporting works
Coinbase collects your identifying details and tax information (see details below).
Coinbase reports required information and crypto‑asset activity for the previous calendar year to our local tax authority.
Authorities may share this information with the tax authorities in your declared countries of tax residence.
Providing incorrect or outdated information may cause tax return mismatches, trigger inquiries or audits, lead to potential penalties, and/or result in your data being reported to multiple tax authorities.
Information collected for reporting
To meet CARF/CRS requirements, Coinbase collects information from both individuals and legal entities through a self-certification form. Examples of information collected include, but are not limited to:
Individuals
Full name
Residential address
Date of birth
Country(ies) or jurisdiction(s) of tax residence
Tax Identification Number (TIN) for each tax residence (where available)
Legal entities
Entity name
Registered address
Country(ies) or jurisdiction(s) of tax residence
Tax Identification Number (TIN) for each tax residence
Entity type (e.g., financial institution, active or passive non‑financial entity)
Controlling person information, where applicable (for certain entities, such as passive non-financial entities)
Reported information
Reporting for CARF versus the amendments to CRS varies. Here’s how:
Under CARF, the following are reportable:
Crypto‑to‑cash exchanges
Crypto‑to‑crypto exchanges
Transfers of crypto‑assets (including retail payment transactions)
Under amendments to CRS, the following transactions are reportable:
Balance/value held in certain E-Money/Digital wallets
Crypto held in custody/custodial wallet at certain financial institutions
Coinbase is required to report under CARF/CRS rules for the previous calendar year. The timelines vary by jurisdictional requirements with some requiring reporting as early as 2027 for the calendar year 2026 information.
Privacy
Coinbase records and stores your information in line with our privacy policy and legal obligations as a regulated company.