PwC Global Crypto Report 2026

February 2026  

Our annual publication of the Global Crypto Tax Report and Crypto Regulatory Report.

The crypto industry is entering a new phase of maturity. Regulatory frameworks are becoming more comprehensive across key markets, reshaping business models, driving convergence with traditional financial services and placing greater emphasis on governance, risk management and investor protection. In parallel, tax transparency has become a central theme, with initiatives such as the OECD’s Crypto-Asset Reporting Framework (CARF) now live or being implemented in many jurisdictions.

Updated to 1 October 2025, the Global Crypto Regulation Report and the Global Crypto Tax Report provide an integrated view of how rules are developing worldwide. Together, they explore:

- Licensing, registration and conduct requirements for crypto-asset service providers  
- Market integrity, consumer protection and AML/CTF expectations  
- Direct and indirect tax treatment of a broad range of crypto-assets and activities  
- Reporting, transparency and information exchange obligations for intermediaries and platforms  

The reports also include an overview of Gibraltar, one of the early movers in establishing a dedicated framework for distributed ledger technology (DLT) and virtual asset service providers. Gibraltar’s regime illustrates how a small but sophisticated jurisdiction can combine principles-based regulation, tax clarity and a pragmatic supervisory approach to attract firms while maintaining high standards.

We hope these reports serve as a practical, global reference as you assess risks, identify opportunities and plan your next steps in the crypto ecosystem.