Understanding the Differences Between FATCA, CRS, and CARF

Offshore Tax with HTJ.tax · Nov 8, 2025 · 5m

In this episode, we unpack how the Crypto-Asset Reporting Framework (CARF) differs from its predecessors — FATCA and CRS — and why these differences matter for compliance and reporting transparency in the crypto era.Key Takeaways:Transaction-Based Reporting:Unlike FATCA and CRS, which focus on income and asset values, CARF requires Reporting Crypto-Asset Service Providers (RCASPs) to disclose transactions made by reportable users.Who Reports:Under CARF, any entity or individual facilitating a relevant crypto transaction may be obligated to report — widening the net beyond traditional…