OECD Crypto Guidance Signals ‘Tsunami’ of Regulations (Podcast)

The OECD released a draft framework March 22 that would standardize how global tax authorities regulate and share tax information related to cryptocurrency assets.

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The draft—called the Crypto-Asset Reporting Framework, or “CARF”—includes model technical rules and a commentary written for wide adoption and data-sharing among tax administrations.

Countries that adopt the Organization for Economic Cooperation and Development’s standards would require individuals and entities that “provide services to exchange crypto-assets against other crypto-assets, or ...