UAE to roll out crypto CARF framework by 2028

The United Arab Emirates is set to revolutionize its cryptocurrency regulatory landscape by implementing the Crypto-Asset Reporting Framework (CARF) by 2028, positioning itself as a global leader in digital asset compliance. This groundbreaking initiative will enhance transparency and regulatory oversight across Bitcoin, Ethereum, and other cryptocurrency transactions within the UAE's rapidly expanding blockchain ecosystem.

The CARF implementation represents a significant milestone for the Middle East's crypto hub, potentially attracting more institutional investors and DeFi projects to the region. This framework will require cryptocurrency exchanges, wallet providers, and digital asset service providers to report transaction data to tax authorities, aligning with international standards for financial transparency.

The UAE's proactive approach to crypto regulation could trigger positive market sentiment and increased adoption rates among institutional players seeking compliant jurisdictions. With Dubai already emerging as a premier cryptocurrency trading destination, the 2028 CARF rollout reinforces the Emirates' commitment to building a robust, regulated digital asset infrastructure. This regulatory clarity may drive significant capital inflows into UAE-based blockchain ventures and cryptocurrency businesses over the next four years.