OECD members: OECD unveils new transparency framework for crypto-assets

On 10 October 2022, the Organisation for Economic Cooperation and Development (OECD) presented a new global tax transparency framework for the cross-border reporting and exchange of information regarding crypto-assets. The Crypto-Asset Reporting Framework (CARF) was created in response to a request from the G20 to develop an international framework for information exchange regarding crypto-assets for the purpose of preventing the use of crypto-assets in tax evasion. The CARF will be presented to G20 Finance Ministers and Central Bank Governors for discussion at their next meeting from Washington DC, from 12 to 13 October 2022.