🇦🇺 Australia is consulting on adopting an international reporting standard for crypto assets! 🚀

- The Australian Treasury has begun consulting on how to implement the OECD's Crypto Asset Reporting Framework (CARF).

- Two options: integrate into Australian tax law or adapt to the needs of the Australian Taxation Office.

- CARF helps combat global tax evasion, requiring crypto exchanges and wallets to report transactions.

- Expected to start in 2026, with information exchange between tax authorities by 2027.

🌍 Several other countries, including Canada, Switzerland, and New Zealand, are also implementing CARF.

What do you think of Australia's move? Share your thoughts! 💬