PANews reported on March 2nd that, according to Bitcoin.com, the South African Revenue Authority (SRA) implemented the Crypto Asset Reporting Framework (CARF) and expanded its Automatic Exchange of Information (AEOI) rules on March 1st. This requires South African crypto asset servicers to report detailed transaction data according to international standards and to automatically exchange account information with over 120 jurisdictions. The regulator will use pattern recognition and data matching to compare tax returns with on-chain and overseas transaction records, shifting from passive reliance on voluntary disclosure to proactive, data-driven audits. Tax experts stated that the "hidden space" for evading tax supervision through multiple wallets, overseas exchanges, and offshore structures has essentially disappeared. Taxpayers holding undeclared digital assets or offshore wealth face higher targeted audit risks and are advised to proactively comply through Voluntary Disclosure Projects (VDPs).