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The Crypto-Asset Reporting Framework (commonly referred to as CARF) is a global initiative led by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes which is intended to promoted the automatic exchange of information between countries to tackle emerging tax evasion risks related to cryptocurrency and digital assets.
The rules will require Crypto-Asset Service Providers (CASPs) to collect information on users including individuals' tax residences and tax identification numbers and report that information to their domestic tax authority. Tax authorities will then exchange that information between themselves to assist with tax compliance, assessment and monitoring.
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The rules will require Crypto-Asset Service Providers (CASPs) to collect information on users including individuals' tax residences and tax identification numbers and report that information to their domestic tax authority. Tax authorities will then exchange that information between themselves to assist with tax compliance, assessment and monitoring.
View More On Wikipedia.org