Crypto investors across 48 countries will start to have their crypto wallet transaction data recorded for tax purposes this year, as the long-awaited Crypto-Asset Reporting Framework rolls out globally.
CARF, an international tax transparency framework developed by the OECD, officially goes into effect in 2027.
However, as of Jan. 1, crypto service providers in participating jurisdictions — including centralized and certain decentralized exchanges, crypto ATMs, and brokers and dealers — are already required to begin collecting the necessary transaction data.
It’s a signal that countries are moving toward more transparency to fight tax evasion and money laundering.
Many countries ready to collect tax data
The OECD said in an update in November that a growing number of jurisdictions…
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Source cointelegraph.com
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