OECD members: G20 Finance Ministers and Central Bank Governors request OECD provide information exchange regarding crypto-assets

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Description

G20 Finance Ministers and Central Bank Governors request OECD provide information exchange regarding crypto-assets

On 7 April 2022, the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Italian G20 Presidency stressed the need for an international framework for ensuring transparency of crypto-assets transactions. In the official Comminuqué that was released after the meeting, the FMCBG acknowledged the progress made on implementing international tax transparency standards and stated their support for the Organisation of Economic Cooperation and Development (OECD)'s work to explore an automatic cross-border exchange of information regarding crypto-assets.

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Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
supranational
Government Branch
executive
Government Body
other regulatory body

Complete timeline of this policy change

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2021-04-07
under deliberation

On 7 April 2022, the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the Ita…

2022-10-10
adopted

On 10 October 2022, the Organisation for Economic Cooperation and Development (OECD) presented a ne…