Argentina has committed to adopt the OECD’s Crypto Asset Reporting Framework, or CARF, joining a widening group of jurisdictions preparing to automatically exchange crypto transaction data for tax purposes. The commitment was announced on September 14 by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Under the plan, Argentina is expected to fully implement the framework by 2029. Once in force, the country would both send crypto user transaction information to partner jurisdictions and receive comparable data on transactions carried out abroad.

What Argentina agreed to implement

CARF is a set of OECD standards designed to bring crypto reporting closer to the cross-border transparency already used in parts of the traditional financial system. Argentina’s decision places it inside a global reporting network focused on the automatic exchange of tax-relevant crypto data.

The framework is intended to give tax authorities visibility into crypto activity that might otherwise be difficult to track across borders. In Argentina’s case, the commitment means the country plans to participate in international reporting rather than relying only on domestic disclosures.

What data would be collected and exchanged

The information covered by the framework includes user identification data, purchases and sales of crypto using fiat currency, exchanges between digital assets, payments made with crypto, and transfers to and from external addresses.

According to the announcement, this would allow Argentine authorities to obtain information tied to transactions involving foreign-linked activity while also sharing data gathered locally with other participating jurisdictions.

Regulatory work still needs to be done

Argentina’s commitment does not mean cross-border sharing begins immediately. Before exchanges can start, the country must put internal rules in place to incorporate the framework and issue requirements for virtual asset service providers to report the relevant information to the tax regulator.

The timeline outlined in the announcement suggests data collection could begin in 2028, with the first exchanges of information starting in 2029. The stated objective is to align crypto oversight more closely with existing fiat reporting and to address tax evasion risks.

Part of a broader international rollout

Gaël Perraud, chair of the Global Forum, said Argentina’s decision is an important step for wider CARF adoption, particularly given the country’s significant level of crypto use. The framework now counts 77 jurisdictions, including G20 members, that are expected to begin exchanging information by 2029.

The broader push is not limited to Argentina. The source announcement also noted that France is drafting its own internal rules to comply with CARF as part of a wider effort to strengthen crypto tax collection.

What comes next

The next confirmed step is domestic implementation. Argentina must create the legal and regulatory basis for reporting, define obligations for virtual asset service providers, and prepare its tax systems for receiving and sending the required data.

If that process stays on the timeline described by the Global Forum, reporting by service providers could start in 2028 and international data sharing would follow in 2029 alongside other participating jurisdictions.

Source: news.bitcoin.com