48 Countries Commit To Global Crypto Tax Reporting In 2027

Forty-eight countries said Friday they are moving ahead with implementing a global crypto-asset reporting framework by 2027.

The Organization for Economic Cooperation and Development’s framework standardizes how tax authorities regulate and share information on crypto assets but still gives nations the freedom to set their own rules.

“As jurisdictions that play host to active crypto markets, we therefore intend to work towards swiftly transposing the CARF into domestic law and activating exchange agreements in time for exchanges to commence by 2027, subject to national legislative procedures as applicable,” according to the joint statement issued by the Australian Treasury Friday. Countries ...