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 Organisation for Economic Co-operation and Development (OECD), imposes important obligations on crypto service providers.

Increasing Security for Crypto Users

As of January 1, 2026, crypto service providers will be required to report users' identification information and transaction details to national tax authorities. A total of 48 countries have accepted this practice, and countries such as the United Kingdom and the Netherlands will begin reporting.

International Tax Transparency

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

International Money Transfers Subject to Taxation in the U.S.

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

New Tax Deductions and Regulations

Additionally, in 2026, with the updating of exemptions, there will be a transition to a new system for the State and Local Tax (SALT) deduction. A deduction of up to 40,000 dollars will be provided for taxpayers with an income threshold limited to 500,000 dollars.

Conclusion

January 1, 2026, will be a significant turning point in the taxation of cryptocurrencies and international money transfers. It is crucial for users and companies to adapt to new regulations and fulfill their tax obligations.