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 in the cryptocurrency market. The Crypto Asset Reporting Framework (CARF), developed by the Organisation for Economic Co-operation and Development (OECD), brings important obligations for crypto service providers.

Increased Security for Crypto Users

As of January 1, 2026, crypto service providers will be required to report user identity information and transaction details to national tax authorities. 48 countries have accepted this practice, and countries like the UK and the Netherlands will start reporting.

International Tax Transparency

Data collected under CARF will be shared reciprocally among 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 USA

In the USA, as of January 1, 2026, international money transfers will come under the tax radar. A 1% tax will be collected on certain transfers made by cash, money order, or check. Transfers made using debit cards or digital wallets will be exempt.

New Tax Deductions and Regulations

Additionally, in 2026, with the updating of exemptions, a new system for State and Local Tax (SALT) deductions will be implemented in the USA. A $40,000 deduction will be provided for taxpayers with an income threshold capped at $500,000.

Conclusion

January 1, 2026, will be a significant turning point concerning the taxation of cryptocurrencies and international money transfers. It is critical for users and companies to comply with new regulations and meet tax obligations.