The Australian Treasury is inviting the public to provide feedback on the OECD's Crypto Asset Reporting Framework (CARF). This initiative aims to enhance tax transparency and supplement the government's efforts in this area.🌐

With the rapid expansion of the cryptocurrency market, tax evasion has become a significant challenge. The CARF framework developed by the OECD helps countries better monitor and tax by standardizing the reporting of crypto information.📊

The CARF requires crypto intermediaries, such as exchanges and wallet providers, to report specific transaction information. Australia plans to implement this framework starting in 2026 to reduce opportunities for tax evasion.📅

The impact of this policy on the crypto market remains to be seen.🔍