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Australia Introduces Tax Bill to Enable Cross-Border Exchange of Crypto Transaction Data

Australia Introduces Tax Bill to Enable Cross-Border Exchange of Crypto Transaction Data

  • The Australian government said it has prepared draft legislation to enable the exchange of cryptocurrency transaction data.
  • It said the core of the bill is to incorporate the OECD’s Crypto-Asset Reporting Framework (CARF) into domestic law.
  • It said enactment of the bill would provide a legal basis for the exchange of cryptocurrency transaction data among participating countries.

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Australia has drafted legislation to enable the cross-border exchange of cryptocurrency transaction data. The centerpiece is the adoption of the Organization for Economic Cooperation and Development’s Crypto-Asset Reporting Framework, or…

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