UAE signs global crypto tax info exchange agreement

The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), developed by the OECD to enhance global tax transparency in the crypto sector. This framework, set to be implemented in 2027 with the first data exchanges in 2028, requires crypto exchanges, brokers, and wallet providers to report customer transaction details, enabling automatic sharing of this information between governments. The initiative aims to create regulatory clarity and certainty for the crypto-asset industry while aligning the UAE with international tax compliance standards. To shape effective rules, the Ministry of Finance has launched a public consultation from September 15 to November 8, 2025, inviting stakeholders such as advisory firms, intermediaries, and exchange platforms to contribute insights. This move supports compliance, boosts confidence in the regulatory environment, and positions the UAE to continue attracting investment while meeting global tax cooperation expectations. The consultation feedback will inform balanced regulations that reflect both global standards and the specific needs of the UAE market.