Catenaa, Saturday, September 27, 2025- The United Arab Emirates (UAE) has signed a global agreement to report crypto-asset tax data automatically to international authorities, launching an eight-week consultation for industry stakeholders ahead of a 2027 rollout.
The Ministry of Finance inked the Multilateral Competent Authority Agreement under the Crypto-Asset Reporting Framework, developed by the OECD in 2023.
The framework enables automatic exchanges of tax information on crypto-asset activity between participating countries, with the first data sharing expected in 2028.
The UAE’s move builds on its 2024 decision to exempt crypto transactions from value-added tax and Dubai’s establishment of clear Web3 regulatory guidelines.
Authorities said the consultation, running through November 8, will allow crypto firms and service providers to provide feedback on compliance requirements and potential impacts.
Industry experts hailed the initiative as a step toward global transparency and investor confidence. Nitesh Mishra, CTO of ChaiDEX, said the agreement clarifies legal obligations and aligns the UAE with international tax standards, making the market safer for compliant participants.
Benjamin Young of Aston VIP noted that while compliance may increase operational demands, it will support a healthier long-term ecosystem and attract institutional investors.
The UAE’s commitment reflects its broader ambition to cement its position as a global hub for digital assets, ensuring that crypto firms operating domestically adhere to consistent reporting standards and meet international expectations.
Officials emphasized that final regulations will incorporate market feedback to create clear, practical, and enforceable rules for the sector.
