The UAE signs the automatic exchange of information on “encrypted assets”

The Ministry of Finance signed a multilateral agreement between the competent authorities regarding the automatic exchange of information under the report of the encrypted assets «Carf», after its announcement, last November, its intention to implement the framework.

The ministry stated in a statement that this framework will enter into force in the state as of 2027, provided that the first exchange of information exchanges in this regard begins in 2028.

The framework sets a mechanism for the exchange of tax information related to encrypted assets automatically, ensuring the provision of certainty and clarity at the level of the encrypted assets sector, while maintaining the principles of global tax transparency.

In this regard, the Ministry of Finance called on all concerned authorities, especially those working in the fields of providing advisory services, brokers, those working in trading and maintaining faithful, trading platforms and all those involved in the encrypted assets sector, to participate in general advice regarding the application of the framework of reporting the encrypted assets in the UAE, and to provide their views and proposals for its potential effects, and things that may require more clarification.

Participation in public advice was opened on September 15th, and it will last for eight weeks until the eighth of November 2025 through the platform designated for that, with the aim of formulating clear and effective organizational rules, based on the opinions of the experts and the concerned authorities, and in a way that meets the needs of the market.

• “The framework” sets a mechanism for the exchange of tax information related to encrypted assets automatically, ensuring the provision of certainty and clarity at the level of the encrypted assets sector.