Finland’s Ministry of Finance has confirmed plans to introduce a domestic crypto-asset reporting framework in 2026. The framework designed by the Organisation for Economic Co-operation and Development (OECD) for the automatic exchange of crypto transaction data between tax authorities worldwide.​ This initiative forms part of the EU’s broader crackdown on tax evasion, with the DAC8 directive requiring member states to harmonize crypto tax reporting and promote cross-border cooperation throughout the union. By integrating CARF, Finland aims to establish a uniform approach for the collection, processing, and sharing of cryptocurrency transaction data at a global scale.​

What CARF Means for Crypto

From January 2026 onwards, crypto exchanges and digital asset platforms operating in Finland will face strict obligations to collect and report detailed transaction data to Finnish tax authorities. The scope covers:

1. User identification and residency details.​

2. Annual records of crypto purchases, sales, and transfers for both Finnish and foreign users.​

3. Data on gains, losses, and cross-border transactions, enabling calculation of taxable events.​

This information will be automatically exchanged among participating OECD countries, helping authorities track assets and verify tax compliance across borders. Crypto service providers must overhaul internal processes to ensure robust data security, privacy, and reporting infrastructure that meets these new requirements.​ For investors and regular crypto users, the reality will be more transparency and accountability. Accurate record-keeping will become essential, as all significant wallet activity may be reported and scrutinized for tax purposes.​

Finland Joins a Fast-Expanding Global Club

Finland’s commitment to CARF comes as a wave of jurisdictions roll out the OECD framework in 2026 and beyond. Over 70 governments have already signed up for the initiative, with more expected soon as the digital asset sector grows and matures.​ The Finnish Tax Administration has indicated that preparations are nearly complete, and the government’s legislative proposal is expected to pass Parliament by late 2025. Once active, CARF will facilitate the automatic exchange of information, bringing greater clarity and consistency to international crypto tax enforcement.​

A New Era for Crypto Compliance

Finland’s decision to implement CARF signals a seismic shift for fintech, retail investors, and crypto businesses in the region. With harmonized standards and automatic reporting, the move should curb tax evasion, protect consumers, and support fairer competition in the digital economy. Stakeholders ranging from platform operators to everyday traders will need to adapt and ensuring that record-keeping is meticulous and transparent.