Overview
Tax authorities around the world are introducing new rules that require crypto-asset service providers to report customer transaction information. This page explains how these rules apply to BingX Global, and what this means for you.
Regulatory Background
DAC8 (EU)
The EU's 8th Directive on Administrative Cooperation (DAC8) came into effect on 1 January 2026. It requires crypto-asset service providers (CASPs) licensed under MiCA and operating in the EU to collect and report customer transaction data to local tax authorities. EU member states will begin exchanging this data in 2027 (covering the 2026 reporting year).
CARF (OECD)
The OECD's Crypto-Asset Reporting Framework (CARF) is the international standard underpinning DAC8 and similar regulations in other jurisdictions. Countries that have signed CARF are required to implement automatic exchange of crypto-asset transaction information between tax authorities.
BingX Global and Tax Reporting
BingX Global currently operates through an entity that, based on our present regulatory assessment, is not presently required to conduct automatic exchange of information under CRS/CARF frameworks.
This means:
- BingX Global does not currently conduct automatic reporting of user transaction data to tax authorities under CRS/CARF.
- BingX Global applies a consistent policy for all customers regardless of their country of residence.
- This position is subject to change as the international regulatory landscape evolves. We will notify users in advance of any changes.
Important: Regardless of whether BingX Global conducts automatic reporting, you are fully responsible for complying with all tax obligations under the laws of your country of residence. This includes declaring and paying any taxes due on your crypto-asset activities. Tax authorities may obtain information about your crypto-asset holdings and transactions through other means. We strongly recommend consulting a qualified tax adviser.
Your Responsibilities
Regardless of where you are located, you are responsible for:
- Understanding and complying with the tax laws applicable in your country of residence.
- Self-reporting your crypto income, gains, or losses where required by your local tax authority.
- Consulting a qualified tax adviser if you are unsure of your obligations.
To assist you with self-reporting, BingX provides:
- Transaction history export (CSV format): Log in → Assets → Asset Records → Export.
Frequently Asked Questions
Does using BingX Global mean I don't have to pay tax?
No. BingX Global does not report your data to tax authorities, but this does not change your legal obligation to declare and pay tax under your country's laws.
Will BingX Global ever be subject to CARF?
The international tax reporting landscape is evolving rapidly. BingX continuously monitors regulatory developments, including CARF implementation timelines across jurisdictions. Should our reporting obligations change, we will notify affected customers in advance and update this page accordingly.
How do I download my transaction history?
Log in to your BingX account → go to Assets → go to Asset Records → select Export. You can download a full CSV of your transaction history for any date range.
This page is for informational purposes only and does not constitute tax or legal advice. Please consult a qualified professional for advice specific to your circumstances.