【Event Background】The global tax transparency storm is approaching! Starting from 2026, 48 countries including the United States, the European Union, and Japan will implement the global standard reporting system (CARF). At that time, major trading platforms will be required to automatically collect and report users' identity information, transaction amounts, timestamps, and other data to local tax authorities. In simple terms, your transaction records will be tracked in real-time like being equipped with GPS.
【How Hardcore Are the Rules】This alliance is unprecedented in scale, covering major global economies. The enforcement on exchanges is mandatory—regardless of whether you declare, the system will automatically synchronize data. Coins accumulated at low prices in 2017 or small trades made on a whim last year may all appear on tax reports. For long-term holders, this means re-evaluating your investment portfolio.
【Details to Watch Out For】However, this transformation is not uniform. Enforcement varies by country—some regions with looser regulations may lack complete infrastructure, leading to gaps in supervision. Additionally, users employing anonymous coins ( like XMR, ZEC) still have loopholes under current rules. Short-term market fluctuations may occur, but in the long run, this is an inevitable process for the industry to move toward standardization.
【Advice to Everyone】Instead of passively reacting, it’s better to take proactive steps—organize your transaction records, cost basis, and profit details now, and prepare in advance. Transparency fundamentally protects compliant players; those with a lucky mindset are the ones who should worry. This policy shift prompts us to reconsider: should cryptocurrencies become more transparent financial tools, or continue to operate outside the traditional system? (What do you think? )
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LongTermDreamer
· 9h ago
Haha, now it's really time to come clean. The junk coins I casually bought three years ago now need to be reconciled.
I actually think that instead of avoiding it, it's better to get out early and organize everything properly. Anyway, our group of compliant users will have to be transparent sooner or later, so might as well clear the books now.
48 countries teaming up? This scale... what does it indicate? It shows that in the past three years, the crypto world has become a game that mainstream finance can't play anymore.
Those still using privacy coins definitely have some room to maneuver, but I believe this is just the last three-year window.
Instead of worrying, it's better to seize the final opportunity window before 2026.
View OriginalReply0
token_therapist
· 9h ago
Damn, I really can't run now. I should have organized the accounts earlier...
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Are anonymous coins still vulnerable? Ha, better hurry.
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Instead of sneaking around, it's better to be open and aboveboard. Anyway, you can't hide forever.
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That pile of coins from 2017... I knew sooner or later I would have to settle accounts.
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Transparency isn't actually bad for legitimate players like us; the worst are those who deceive themselves.
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So the key question is, is it still possible to organize the data now?
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48 countries acting together—this scale is indeed incredible.
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Places with loose regulations still have opportunities, but this path clearly won't last long.
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Honestly, the era of tax evasion might really be over.
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Instead of passively taking hits, it's better to cooperate proactively, so at least you can be at ease.
View OriginalReply0
BearMarketBro
· 9h ago
Coming back with the same routine? I’ve known all along that a showdown was inevitable. Let’s settle the accounts before 2026.
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How much longer can XMR last... It doesn’t seem like a long-term solution.
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Just be transparent, I have nothing to hide anyway, but the transaction fees are going to increase again.
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Now those guys who are evading taxes should be panicking. Serves them right.
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48 countries are acting together, this level of effort really leaves no room for reversal. If things go badly, I might have to change my investment strategy.
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Hey, I just want to ask, what about those anonymous on-chain transactions? Can the rules regulate them?
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Keeping good records is true, but it still feels like there are too many gray areas. Enforcement is definitely inconsistent.
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Compliance is the way to go. Relying on luck will only lead to regret sooner or later.
View OriginalReply0
MetaDreamer
· 9h ago
It should have come earlier. Anyway, I haven't done anything shameful in these years.
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Time to organize the accounts again. So annoying. Can anyone help me recall what I bought in 2017?
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XMR is really looking good this time.
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Just be transparent, anyway, you can't hide from the 15th if you dodge the 1st. What’s meant to come will come.
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Wait, what about those small coin exchanges that have no regulation? There are still loopholes in the rules.
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Now it's all good. None of my past black history trades can escape.
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I just want to know what the people who jumped in before 2026 are feeling now.
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Actually, I think this is good for retail investors. Scammers better watch out.
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Talking about organizing records sounds easy, but my trading records are spread across five exchanges.
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Should we be transparent or free? That’s a good question.
【Event Background】The global tax transparency storm is approaching! Starting from 2026, 48 countries including the United States, the European Union, and Japan will implement the global standard reporting system (CARF). At that time, major trading platforms will be required to automatically collect and report users' identity information, transaction amounts, timestamps, and other data to local tax authorities. In simple terms, your transaction records will be tracked in real-time like being equipped with GPS.
【How Hardcore Are the Rules】This alliance is unprecedented in scale, covering major global economies. The enforcement on exchanges is mandatory—regardless of whether you declare, the system will automatically synchronize data. Coins accumulated at low prices in 2017 or small trades made on a whim last year may all appear on tax reports. For long-term holders, this means re-evaluating your investment portfolio.
【Details to Watch Out For】However, this transformation is not uniform. Enforcement varies by country—some regions with looser regulations may lack complete infrastructure, leading to gaps in supervision. Additionally, users employing anonymous coins ( like XMR, ZEC) still have loopholes under current rules. Short-term market fluctuations may occur, but in the long run, this is an inevitable process for the industry to move toward standardization.
【Advice to Everyone】Instead of passively reacting, it’s better to take proactive steps—organize your transaction records, cost basis, and profit details now, and prepare in advance. Transparency fundamentally protects compliant players; those with a lucky mindset are the ones who should worry. This policy shift prompts us to reconsider: should cryptocurrencies become more transparent financial tools, or continue to operate outside the traditional system? (What do you think? )