Big European Banks Monitoring Crypto Reporting Framework Tweaks

Traditional financial institutions are constantly monitoring changes to crypto reporting regimes before the time most major countries’ rules take effect in 2026, executives said Friday.

Standard Chartered Bank, a British multinational, has prepared a “country annex for each jurisdiction” to monitor the differences and changes to nations’ respective adoptions of the Crypto-Asset Reporting Framework, according to Corinna Hedtke, the bank’s regional lead for client tax information for Europe, Africa, and the Middle East.

With more than 50 countries aiming to roll out CARF within the next two years, Standard Chartered is focusing on “continuously monitoring what’s happening” for each ...