Launchy Regulatory Roundup #69 - Crypto Tax Reporting Begins in 48 Countries Ahead of CARF 2027

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Welcome to our 69th edition of the regulatory roundup. If you know anybody who would benefit from this content, please help us spread the word!

In Today's Edition:

• Headline: Crypto Tax Reporting Begins in 48 Countries Ahead of CARF 2027 👀 

• Global Legal Roundup

• Case Study: Coinbase Warns Stablecoin Interest Ban Could Benefit China 🔎 

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HEADLINE

Crypto Tax Reporting Begins in 48 Countries Ahead of CARF 2027

State of play: Crypto investors in 48 jurisdictions will begin having their crypto transaction data collected in preparation for the Crypto Asset Reporting Framework, or CARF, which formally takes effect in 2027.

• CARF aims to strengthen global tax transparency and reduce tax evasion and money laundering linked to digital assets.

• From January 1, crypto service providers in participating countries are required to start collecting detailed transaction data.

• This information will be shared between tax authorities starting in 2027.

• The OECD confirmed that many of these jurisdictions already have legislation in place, with others in the final stages of enforcement.

• Industry observers note that the data could eventually be used more broadly, potentially giving authorities deeper visibility into crypto ownership and transaction activity, with implications beyond taxation.

What’s Next: 48 countries will begin recording data in 2026 for exchange in 2027, another 27 jurisdictions, including Australia, Canada, Switzerland, and Hong Kong, will start collecting data later, with information sharing beginning in 2028.

Why it Matters: Data collection starting now means tax reporting is no longer a future issue, it is already in motion.

Our Take: Regulators are building the pipes early, giving the industry time to adjust while quietly closing the door on staying invisible.

GLOBAL LEGAL ROUNDUP

America:

• 🇺🇲 CFTC Chair taps Amir Zaidi as chief of staff.

• 🇺🇲 US prosecutors oppose DEF brief ahead of potential MEV case retrial.

• 🇺🇲 US lawmakers expected to address market structure markup in January.

• 🇺🇲 JPMorgan freezes 2 stablecoin startups accounts over sanctions concerns.

• 🇺🇲 Bitfinex hacker says he is being released early as part of 'Trump's First Step Act.'

Europe:

• 🇷🇺  Russia targets unregistered crypto miners with new criminal penalties.

Middle East & Africa:

• 🇮🇷 Iran moves to accept crypto payments in weapon sales to evade sanctions.

APAC:

• 🇰🇷 Lawmaker faces scrutiny over family ties to crypto exchange.

• 🇰🇷 South Korea's stablecoin bill stalls over issuer eligibility dispute.

• 🇹🇲 Turkmenistan legalizes crypto mining and trading under new framework.

CASE STUDY

Coinbase Warns Stablecoin Interest Ban Could Benefit China

State of play: A senior executive at Coinbase has warned that restricting interest on USD stablecoins could weaken America’s position in the global race for digital money.

• Coinbase CPO said the debate has become more urgent after China announced plans to allow banks to pay interest on holdings of its digital yuan starting 2026.

• China’s central bank said the change would shift the e-CNY from functioning like digital cash to a form of digital deposit, a move aimed at boosting adoption after years of limited traction.

• In contrast, the US GENIUS Act bars issuers of dollar backed payment stablecoins from paying interest or yield to users.

• Crypto firms argue that strict enforcement could make US stablecoins less competitive against foreign stablecoins and central bank digital currencies, while banking groups support a broad ban to protect traditional deposits.

• Shirzad warned that a misstep could give non US digital currencies an edge, turning the debate into a strategic question about the future role of the U.S. dollar rather than a narrow regulatory issue.

Our Take: If incentives are banned while rivals embrace them, US stablecoins risk falling behind in the next phase of global digital payments.

Take a peek at our referral reward at the bottom of this issue. Share this newsletter and receive our comprehensive database of crypto regulations around the world👇

NOTEWORTHY READS & MEME

• Raul Carillo’s read on The End of Financial Regulation as We Knew It.

• Chastity Murphy’s read on Inside the Failure to Regulate Stablecoins.

• Ciara Torres-Spelliscy’s read on The Results of the Crypto Bro Elections.

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Disclaimer: All the information presented in this publication and its affiliates is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, or any other form of advice.