Major Countries Unite to Tackle Cryptocurrency Tax Evasion
CryptoNewsTerminal Staff14 Jun, 2024
Major Countries Unite to Tackle Cryptocurrency Tax Evasion
Major countries, including the US and UK, have joined forces to crack down on cryptocurrency tax evasion. They plan to implement the OECD's Crypto-Asset Reporting Framework (CARF) into domestic legislation, enhancing cooperation and information sharing for global tax justice. This follows a similar statement issued last year, highlighting the commitment to regulate the rapidly growing cryptocurrency market.