Overview

• South Africa’s revenue service released draft OECD-developed CARF regulations for comment, putting exchanges, brokers and wallet providers at the center of compliance with detailed transaction reporting that includes stablecoins and certain NFTs, with submissions due by 3 October.
• SARS has issued compliance notices to thousands of crypto holders and signaled penalties for non-compliance, urging those with past omissions to use the Voluntary Disclosure Programme.
• The UAE Ministry of Finance signed the multilateral agreement to enable automatic exchange under CARF, targeting implementation in 2027 and first exchanges in 2028, and opened an eight‑week consultation running to 8 November.
• India confirmed mandatory reporting for entities dealing in virtual digital assets from 1 April 2026 under the Finance Bill 2025, with international data exchange to begin in 2027.
• Industry leaders in India say the framework will run in the background through standardized data sharing, could reduce duplicative reporting for compliant exchanges, and may be more easily absorbed by larger platforms even as clarity on liabilities is still sought.