The UAE Ministry of Finance has officially signed the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF).
The move follows the Ministry’s announcement in November of its intention to adopt the framework, reinforcing the UAE’s commitment to global tax transparency and the regulation of virtual assets.
CARF implementation in the UAE is scheduled to go live in 2027, with the first exchanges of information expected in 2028.
According to the statement, the framework sets out a mechanism for the automatic exchange of tax-related information on crypto-asset activities, enabling the UAE to offer greater certainty and clarity to the crypto-asset sector while reinforcing its commitment to international tax transparency standards.
The UAE Ministry of Finance is inviting all relevant stakeholders, including advisory service providers, intermediaries, traders, custodians, exchange platforms, and other entities operating within the crypto-asset sector, to actively participate in its public consultation on the implementation of the Crypto-Asset Reporting Framework (CARF) in the UAE.
The Ministry encourages participants to share their insights, recommendations, and concerns regarding the potential impact of the framework, as well as to highlight any areas that may require further clarification to support effective and transparent adoption.
The public consultation opened on 15 September 2025 and will remain open for eight weeks until 8 November 2025 via the designated link. It aims to support the development of clear and effective regulatory rules that are informed by the insights of experts and stakeholders, and aligned with the practical needs and dynamics of the crypto-asset market, as per the reports.
