OVER 45 COUNTRIES BACK THIS CRYPTO REGULATION BILL – WHY?
An international alliance of 47 countries, including major economies like the US, UK, and Japan, has agreed to implement the Crypto-Asset Reporting Framework (CARF).
CARF aims to enable automatic exchange of information between tax authorities to regulate and monitor the crypto market.
The framework is expected to be integrated into the domestic legal systems of these countries and become operational by 2027.
An international alliance of 47 countries, including major economic powers like the United States, the UK, Singapore, Australia, Brazil, Canada, France, Japan, South Korea, and Switzerland, has collectively agreed to implement the Crypto-Asset Reporting Framework (CARF).
This new international standard aims to facilitate the automatic exchange of information between tax authorities, marking a significant step in regulating and monitoring the burgeoning crypto market.
Set to be integrated into the domestic legal systems of these countries, CARF is expected to become operational by 2027, heralding a new era of transparency and compliance in the world of digital assets.
An international alliance of 47 countries, including major economies like the US, UK, and Japan, has agreed to implement the Crypto-Asset Reporting Framework (CARF).
CARF aims to enable automatic exchange of information between tax authorities to regulate and monitor the crypto market.
The framework is expected to be integrated into the domestic legal systems of these countries and become operational by 2027.
An international alliance of 47 countries, including major economic powers like the United States, the UK, Singapore, Australia, Brazil, Canada, France, Japan, South Korea, and Switzerland, has collectively agreed to implement the Crypto-Asset Reporting Framework (CARF).
This new international standard aims to facilitate the automatic exchange of information between tax authorities, marking a significant step in regulating and monitoring the burgeoning crypto market.
Set to be integrated into the domestic legal systems of these countries, CARF is expected to become operational by 2027, heralding a new era of transparency and compliance in the world of digital assets.