OECD Nears Finish Line on Crypto Reporting Implementation Plan

Technical work on how to implement a Crypto-Asset Reporting Framework is almost finished but still requires high-level approval, an OECD official said Wednesday.

“Transparency can only be achieved if all jurisdictions participate,” Philip Kerfs, head of the international cooperation unit at the OECD Center for Tax Policy and Administration, said at an American Bar Association tax conference in Zurich. He expects the Committee on Fiscal Affairs, the main forum for the OECD’s discussions on taxation, to approve the crypto asset reporting framework’s implementation package in April.

The reporting framework standardizes how tax authorities regulate and share information on ...