"January 1, 2026 Cryptocurrency Regulations: All Innovations and Applications"

What Will Happen in the Crypto World on January 1, 2026?

The new year marks the beginning of significant changes and regulations for the cryptocurrency market. The Crypto Asset Reporting Framework (CARF), developed by the Organization for Economic Cooperation and Development (OECD), introduces important obligations for crypto service providers.

Enhancing User Security

As of January 1, 2026, crypto service providers will be required to report users' identity information and transaction details to national tax authorities. A total of 48 countries have accepted this practice, with countries like the UK and the Netherlands starting their reporting.

International Tax Transparency

Data collected under CARF will be mutually shared among international tax authorities. This will help combat tax evasion, ensure that crypto users meet their tax obligations, and align with traditional financial standards.

International Money Transfers Brought Under Tax Scope in the U.S.

In the U.S., starting on January 1, 2026, international money transfers will come under tax scrutiny. A 1% tax will be levied on certain transfers made in cash, money orders, or checks. Transfers made via bank cards or digital wallets will be exempt.

New Tax Deductions and Regulations

Additionally, in the U.S., with the updates to exemptions in 2026, a new system will be introduced for State and Local Tax (SALT) deductions. A deduction of up to $40,000 will be provided for taxpayers with an income threshold limited to $500,000.

Conclusion

January 1, 2026, will be a significant turning point in the taxation of cryptocurrencies and international money transfers. Compliance with new regulations and meeting tax obligations will be crucial for users and companies.