The upcoming implementation of CRS 2.0 in 2026 is set to significantly impact the cryptocurrency industry. This new version strengthens due diligence procedures and tax identity verification, incorporating digital assets like central bank digital currencies and specific electronic money products into the reporting framework. This move aims to close regulatory gaps in the digital finance era and enhance international tax transparency. Under CRS 2.0, electronic money service providers and similar entities will be required to conduct due diligence and report user information, marking a shift in compliance obligations. Jurisdictions are currently updating local legislation and measures to align with these new standards.