Overview

• The UAE signed the multilateral agreement to exchange information under CARF, targeting a 2027 go‑live with first cross‑border exchanges in 2028.
• The UAE Ministry of Finance opened an eight‑week consultation on implementation running from September 15 to November 8, inviting input from crypto sector stakeholders.
• South Africa’s tax authority released draft CARF regulations for public comment and has issued compliance notices to crypto holders, with feedback due by October 3.
• Draft rules center compliance on Crypto‑Asset Service Providers, requiring tax‑residency verification and granular reporting on acquisitions, disposals, transfers, valuations, and covering cryptocurrencies, stablecoins, and certain NFTs.
• India plans mandatory reporting for Virtual Digital Asset entities from April 1, 2026 and international data sharing from 2027, with industry leaders saying larger exchanges can absorb costs and enforcement of measures like the 1% TDS could be strengthened.