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The Moneybrain team introduces the Crypto Asset Reporting Framework
IT is no secret that without capital flows, Jersey is merely an island with sunny beaches, a seaweed problem and a lot of potatoes and cows.
While it has a digital economy, this is overwhelmingly driven by financial services. If Jersey lost its edge in finance, the consequences would be severe. That is why digital asset adoption, robust regulations, zero tolerance for money laundering and full alignment with USA, UK and European standards are non-negotiables.
The Crypto Asset Reporting Framework, developed by the OECD, establishes global standards for the automatic exchange of information on crypto asset transactions. At Moneybrain, we are fully prepared. As a VASP-registered business under the Jersey Financial Services Commission, we already meet the compliance and reporting obligations that will apply under CARF.
From 1 January 2026, all reporting crypto asset service providers (including crypto exchanges, wallet providers, brokers, banks and other intermediaries) in participating jurisdictions such as Jersey must begin collecting detailed data on users’ digital asset transactions for the full calendar year.
Nimble, crypto-native firms like Revolut and Moneybrain are ready. Traditional banks, however, may face greater challenges integrating these new reporting systems. Many will need expert support to achieve full compliance on time.
Please feel free to get in touch with the Moneybrain Corporate team today to ensure your business is CARF-ready. Compliance isn’t just a requirement; it’s a competitive advantage.
