Business Input on US Treasury Crypto Rules to Inform OECD Tweaks

The OECD is awaiting the US Treasury’s forthcoming cryptocurrency reporting regulations, which will help “test the waters” on the business community’s outlook on what works and what needs adjustment, a top official said Tuesday.

The US “tradition of very active contributions to these kind of consultations” can help the body tweak or improve the rules, known as the Crypto-Asset Reporting Framework, for both tax authorities and taxpayers, according to Paul Hondius, head of the harmful tax practices unit at the OECD’s Centre for Tax Policy and Administration.

CARF, which was developed by the Organization for Economic Cooperation and Development, ...