Global Crypto Tax Transparency Drive Gains Pace As 48 Countries Commit To Data Sharing
Governments are accelerating coordinated oversight of cryptocurrency markets as a new international reporting regime takes hold, signalling tighter tax enforcement and pushing digital assets closer to mainstream financial regulation, the Financial Times reported.
According to the report, 48 jurisdictions have committed to begin their first exchanges of information under the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework (CARF), marking a coordinated first wave aimed at tackling tax evasion linked to cross-border crypto activity.
The framework is designed to enable automatic sharing of crypto-related tax data among participating authorities by 2027.
Implementation has already…
