Slightly below 50 nationwide governments have issued a joint pledge to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the brand new worldwide customary on automated alternate of knowledge between tax authorities, into their home regulation methods. The assertion was revealed on Nov. 10.
The Organisation for Financial Cooperation and Growth (OECD) revealed the CARF in 2022. Developed from an April 2021 mandate from the G20, the CARF framework requires reporting on the kind of cryptocurrency and digital asset transaction — whether or not by way of an middleman or a service supplier.
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