Nigeria signed the CARF MCAA on 28 October 2026, joining the international framework for the automatic exchange of crypto-asset information to strengthen cross-border tax transparency and compliance.
Nigeria signed the Multilateral Competent Authority Agreement on Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) on 28 October 2026, according to an OECD update.
The CARF MCAA creates a framework for the automatic exchange of information on crypto-assets, following the OECD’s reporting and due diligence standards. Its goal is to help tax authorities address risks linked to the fast-growing crypto market and maintain transparency across borders.
The CRS MCAA Addendum expands the scope of information to be exchanged under the CRS MCAA, incorporating additional reporting obligations introduced by the 2023 revision of the Common Reporting Standard. These enhancements are intended to maintain the CRS’s effectiveness in tackling international tax compliance issues.
To date, 57 countries and jurisdictions have signed the CARF MCAA, while 87 have signed its Addendum.
