January 1, 2026 Crypto Regulations: All Innovations and Applications

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

The New Year marks the beginning of significant changes and regulations for the cryptocurrency market. The Cryptocurrency Asset Reporting Framework (CARF), developed by the Organization for Economic Co-operation and Development (OECD), imposes important obligations on crypto service providers.

Enhancing Security for Crypto Users

As of January 1, 2026, crypto service providers will be required to report users' personal information and transaction details to national tax authorities. 48 countries have accepted this implementation, with the UK and the Netherlands starting to report.

International Tax Transparency

The data collected under CARF will be mutually shared between international tax authorities. This will help combat tax evasion, secure tax payments for crypto users, and ensure compliance with traditional financial standards.

International Money Transfers Subject to Tax in the US

In the US, as of January 1, 2026, international money transfers will fall under the tax radar. A 1% tax will be levied on certain transfers made via cash, money orders, or checks. However, transfers made with bank cards or digital wallets will be exempt.

New Tax Deductions and Regulations

Additionally, in the US, a transition to a new system for State and Local Tax (SALT) deductions will take place in 2026 with the updating of exemptions. 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 regarding the taxation of cryptocurrencies and international money transfers. It will be crucial for users and companies to comply with the new regulations and fulfill their tax obligations.