Global Daily Tax News, Hungary To Ratify Crypto-Assets MCAA, (Oct 29, 2025)

On October 26, 2026, Hungary's parliament endorsed legislation on the ratification of the Multilateral Competent Authority Agreement on the Automatic Exchange of Information under the OECD's Crypto-Asset Reporting Framework (CARF).

The CARF provides for the automatic exchange of tax-relevant information on crypto-assets and was developed to address the rapid growth of the crypto-asset market. It will expand the scope of the Common Reporting Standard (CRS) – the international standard providing for the automatic exchange of information in tax matters – to certain electronic money products and central bank digital currencies.

Changes have also been made to ensure that indirect investments in crypto-assets through derivatives and investment vehicles are now covered by the Common Reporting Standard.

Hungary signed the MCAA on November 26, 2024. The pact currently has 52 signatories.