The European Union’s new cryptocurrency tax reporting framework is built around what governments can immediately enforce, leaving decentralized finance (DeFi) outside its scope for now. Source: OECDHow global crypto tax reporting is being rebuiltCrypto tax reporting rules are frequently discussed through a tangle of related acronyms, but they are not interchangeable. The CARF is the OECD’s crypto tax reporting standard. Under DAC8, crypto exchanges and custodial platforms will be required to collect standardized user information tied to tax residence and report aggregated transaction data to national tax authorities. That relationship helps explain why DeFi remains outside the scope of current tax reporting rules.