Dozens of countries sign joint statement agreeing to implement crypto tax rules

According to BlockBeats, on June 14, dozens of countries including the United States, Japan, and the United Kingdom signed a joint statement agreeing to a set of crypto tax rules developed by the OECD, namely the Crypto Asset Reporting Framework (CARF). The joint statement stated that the signatories will accelerate the conversion of CARF into domestic laws and initiate exchange agreements in a timely manner so that exchanges can begin in 2027.

The report noted that the Crypto-Asset Reporting Framework (CARF) is expected to go live in 2027 for information sharing as part of these countries’ efforts to combat tax evasion using digital assets.