According to an update from the OECD, Iceland signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF MCAA) on 11 March 2025. The CARF provides for the reporting of tax information on transactions in crypto-assets in a standardized manner, with a view to automatically exchange such information. According to a separate OECD document on CARF commitments, Iceland intends to exchange information under CARF by 2027.