The crypto industry is undergoing a major shift toward mainstream legitimacy. The OECD's Crypto-Asset Reporting Framework (CARF) is now driving this transformation globally.

Starting this January, exchanges, brokers, and wallet service providers must begin collecting and reporting customer data according to CARF standards. This isn't optional—Reporting Crypto-Asset Service Providers (RCASPs) face mandatory compliance requirements.

What does this mean? Any platform handling crypto transactions will need to implement robust reporting systems. Customer information, transaction histories, and asset holdings are now part of standardized international disclosure protocols.

The framework represents a watershed moment. Financial regulators worldwide are aligning on crypto oversight. While stricter reporting requirements may seem restrictive short-term, they're actually clearing the path for institutional adoption and regulatory clarity that benefits legitimate operators.

For users: expect enhanced KYC procedures, more detailed transaction records, and tighter compliance standards across platforms. For platforms: building proper infrastructure isn't just survival—it's the competitive edge in a legitimized market.