Cayman Islands: Quick guide on cryptoasset reporting framework (CARF)
Effective January 1, 2026
The Cayman Islands tax authority on December 8, 2025, issued a quick guide on the cryptoasset reporting framework (CARF), implemented under Cayman Islands domestic legislation through the Tax Information Authority (International Tax Compliance) (Crypto-Asset Reporting Framework) Regulations, 2025. These regulations are scheduled to take effect on January 1, 2026.
The key updates to the guide include:
- Scope of the CARF requirements
- Due diligence and reporting requirements
All pre-existing Cayman reporting cryptoasset service providers must register with the DITC by April 30, 2026. New Cayman reporting cryptoasset service providers must register by January 31 of the year following the calendar year in which they qualify as Cayman reporting cryptoasset service providers.
Read a December 2025 report prepared by the KPMG member firm in the Cayman Islands