On 27 November 2025, the new Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations (“CARF Regulations“) were published in the Cayman Islands Gazette. The CARF Regulations come into force on 1 January 2026.
Similar to the CRS, CARF is a global tax transparency framework developed to provide for the automatic exchange of tax information on transactions in crypto-assets between participating jurisdictions to enhance transparency and cooperation among tax authorities and combat tax evasion and money laundering relating to crypto-assets. CARF supports the FATF’s efforts to establish a global framework for the supervision and regulation of crypto-asset service providers and to ensure effective implementation of the FATF Recommendations on virtual assets and virtual asset service providers.
The CARF Regulations set out the Cayman Islands legal framework addressing domestic and international legal requirements and establishing the necessary agreements for the exchange of financial information.
The Maples Group has extensive experience in advising clients on complying with the Cayman Islands’ international tax compliance obligations. Please reach out to your usual Maples’ contact if we can be of assistance.
