News · Crypto · Cointelegraph · Fri, Oct 16, 2026 12:00 AM
Australia Drafts Bill to Join 77 Nations on Crypto Tax Reporting
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Australia's draft bill to adopt the OECD CARF will align its crypto tax reporting with 77 global jurisdictions, with data exchanges slated for 2028.
Australia has unveiled a draft legislative proposal that would bring its crypto tax reporting regime into line with the OECD’s Common Reporting Framework (CARF).
The bill positions Australia among 77 jurisdictions worldwide that have pledged to adopt CARF, signalling a move toward greater transparency in digital asset taxation.
Under the framework, international exchanges will begin submitting crypto‑tax data to Australian authorities in 2028, creating a new channel for cross‑border information sharing.
Implications for Crypto Exchanges
Based on reporting from Cointelegraph. Read the original.
OpenBook analysis
Market impact
The bill could compel Australian crypto exchanges to submit transaction data to regulators under CARF, potentially raising compliance costs. The move may improve market transparency, prompting investors to monitor the 2028 data exchange rollout. Traders may watch the timeline for implications on cross-border flows.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by Cointelegraph and is general market information, not investment advice. Editorial policy & corrections