WASHINGTON—A global framework for reporting crypto transactions has been published by the Organization for Economic Cooperation and Development (OECD).
The OECD announced on Oct. 10 that it would present the Crypto-Asset Reporting Framework (CARF) to a meeting of G20 finance ministers and central bank governors this week.
“This would allow countries to monitor the cross-border transfer of crypto assets. The framework was reportedly approved in August. It ensures the collection and automatic exchange of information on transactions for relevant crypto,” Forbes reported.
According to the report, crypto assets include assets that can be held and transferred in a decentralized manner, without the intervention of traditional financial intermediaries. These include stablecoins, derivatives issued in the form of a crypto-asset, and certain non-fungible tokens.
The Very Best in CU Reporting. Every Morning. To Your Inbox. At a Total Cost of ‘Free!’
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com