Abu Dhabi has formally joined the international regime for automatic exchange of tax information in the crypto-asset sector, with the Ministry of Finance signing the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework.
Implementation of CARF in the UAE is set to begin in 2027, and the first exchanges of information under the framework are planned for 2028. The agreement lays out standards for sharing tax-related data on crypto-asset transactions, aiming to strengthen regulatory clarity and align with global transparency norms.
To shape how CARF will work in practice, the Ministry has launched a public consultation process open to parties including advisory firms, intermediaries, traders, custodians, and crypto exchange platforms. Submissions are being accepted through 8 November 2025, following the consultation’s opening on 15 September.
Officials argue that this move offers legal certainty to the expanding crypto-asset ecosystem in the UAE and places the country in line with jurisdictions pursuing stronger tax cooperation. Some stakeholders have raised concerns over how data privacy, compliance costs, and technical readiness will be managed, particularly for smaller service providers. Analysts say clarity in guidance and phased implementation will be crucial to balancing transparency with operational burdens.
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