Draft Taxation (International Tax Compliance) (Crypto-Asset Reporting Framework) (Jersey) Regulations 202- (P.99/2025) –Children’s Rights Impact Assessment.

1)  Name and brief description of the proposed decision

The subject of your CRIA may be a proposed law, policy or proposition and in accordance with the Law is referred to in this template as the decision'

• What is the problem or issue the decision is trying to address?

• Do children experience this problem differently from adults?

The proposed decision relates to the implementation of the Crypto-Asset Reporting Framework (CARF) and amendments to the Common Reporting Standard (CRS) in Jersey through the:

 Draft Taxation (Crypto-Asset Reporting Framework) (Jersey) Regulations 202-

These draft regulations are designed to ensure that Jersey's tax transparency laws remain fully aligned with evolving international standards established by the OECD and the Global Forum on Transparency and Exchange of Tax Information.

The proposed amendments will:

1. Implement the CARF, requiring Relevant Crypto-Asset Service Providers (RCASPs) to undertake due diligence, collect client and transaction data, and report annually on relevant crypto-asset exchanges and transfers.
2. Establish a mechanism to avoid duplicative reporting, allowing financial institutions to report certain data under the CARF only where it would otherwise be reportable under both the CARF and CRS, having first notified Revenue Jersey of their intention to do so.

These measures address the challenge of improving global tax transparency and reducing tax evasion, particularly in the context of rapidly evolving digital assets and financial products.

Children will not be affected by this proposition any differently from adults, as it deals exclusively with the regulatory obligations of financial and crypto-asset service providers and the exchange of tax information between jurisdictions.

2)  Which groups of children and young people are likely to be affected?

Groups of children could include early years, primary or secondary education; young adults; children with additional learning needs; disabled children; children living in poverty; children from particular ethnic backgrounds; migrants; refugees; care experienced children and LGBTQ+ children

Children and young people are not expected to be affected by this proposition.

3)  What is the likely impact of the proposed decision on children and on their rights?

• Identify any potential positive OR negative impacts and include indirect impacts on children and their rights as described in the UNCRC

• Will different groups of children be affected differently by this decision?

This proposition is not expected to affect children or their rights.

4)  Is a full Children's Rights Impact Assessment required?

If you have identified impacts on children and their rights, a full CRIA should be completed. If no impacts are identified then a Full CRIA is not required, but please explain your rationale and how you reached this conclusion

A full Child Rights Impact Assessment is not required. Children are not expected to be affected by this proposition.