Crypto Reporting Rules Committed to by 75 Countries, OECD Says

The OECD has made “significant progress” in implementing new global rules on reporting of digital-asset transactions, with 75 jurisdictions committed to doing so, according to the group.

Implementation of the Crypto-Asset Reporting Framework is “still in its early stages,” but there has been progress toward implementing the political commitments that nations have made to the process, the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes said in a report Tuesday.

• The 75 jurisdictions committed to implementation include “the vast majority” of crypto-asset centers, the OECD said.
• CARF requires reporting of crypto transactions and user ...