Catenaa, Tuesday, November 11, 2025- The United Arab Emirates will begin sharing financial information on digital assets and central bank digital currencies with other countries from 2028, the Ministry of Finance announced. The move aligns with global efforts led by the Organisation for Economic Co-operation and Development to enhance transparency and tax compliance in digital finance.
Implementation of the Common Reporting Standard 2.0 (CRS 2.0) starts January 1, 2027, with the first exchange of information in 2028.
The updated system will cover electronic money, crypto assets, and central bank digital currencies under the Crypto Asset Reporting Framework. Financial institutions handling these assets must follow stricter due diligence, auditing, and reporting rules.
The Ministry said the adoption of CRS 2.0 and CARF reflects the UAE’s commitment to international cooperation, financial governance, and maintaining its status as a leading global financial hub. Officials emphasized that the frameworks aim to ensure innovations in digital finance do not undermine global tax compliance.
CRS 2.0 expands the UAE’s existing automatic exchange of tax information system, originally established under Federal Decree No. 48 of 2018 and Cabinet Resolution No. 93 of 2021. The framework will strengthen investor confidence by promoting transparency and consistency in financial reporting across both traditional and digital financial systems.
Globally, over 100 jurisdictions already participate in OECD-led information exchanges. By extending reporting requirements to digital assets, the UAE is helping create a unified international standard for tax compliance in emerging financial markets.
UAE will share crypto and digital asset tax data globally from 2028 under CRS 2.0 and CARF, boosting transparency and aligning with OECD standards.
