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UAE to Sign Multilateral Instrument for Crypto-Asset Reporting Framework

17 April 2025

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Treaty Development

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United Arab Emirates-OECD

On 14 April 2025, the United Arab Emirates Cabinet of Ministers approved the signing of the Multilateral Competent Authority Agreement on Automatic Exchange of Information pursuant to the Crypto-Asset Reporting Framework (CARF MCAA). The CARF provides for the reporting of tax information on transactions in crypto-assets in a standardized manner, with a view to automatically exchanging such information. According to a OECD document on CARF commitments, the United Arab Emirates intends to exchange information under CARF by 2028.