UAE Cabinet Approves CARF MCAA

During its meeting on 29 March 2026, the United Arab Emirates Cabinet of Ministers approved, among other things, the ratification 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 exchange such information.