Several countries with a sizeable interest in crypto, such as Turkey, India, China, Russia and all African nations, are not signatories to the statement.
47 countries pledge to authorize the crypto-asset reporting framework by 2027
The Crypto-Asset Reporting Framework is the new international standard for the automatic exchange of information between tax authorities.
High-skilled jobs most exposed to AI, impact still unknown — Report
A deep dive into global employment data and trends indicates that AI could impact high-skilled jobs the most.
EU Crypto Tax Plans Include NFTs, Foreign Companies, Draft Text Shows
Laws set to be agreed next week would require crypto companies to register with tax authorities, even if they’re based outside the bloc or offering non-fungible tokens.
New Rules on Sharing Crypto Tax Data ‘Unanimously Supported’ by EU Members
Officials are optimistic finance ministers will formally agree on laws allowing the sharing of information on crypto and NFT holdings between tax authorities next week.
New OECD report takes lessons from crypto winter, faults ‘financial engineering’
The Organisation for Economic Cooperation and Development found regulation and retail consumer protections lacking in a highly complex trading environment.
OECD releases framework to combat international tax evasion using digital assets
The OECD said it planned to present the Crypto-Asset Reporting Framework to a meeting of G20 finance ministers and central bank governors on Oct. 12-13.
OECD opens proposal on tax transparency framework for crypto to public comment
According to the OECD, the crypto market posed a “significant risk” around tax transparency, claiming that any gains will eventually be lost without additional safeguards.
OECD Preparing Crypto Tax Reporting Framework for World’s Largest Economies
The tax framework may address questions surrounding wallet providers and income not derived from crypto sales.
Saudi Arabia Pitches Blockchain-Based Business Passport to Boost Trade Finance
The passport would help businesses cut through redundant red tape and flourish across borders, Saudis said.
Bitcoin Drops 2% Following Fed’s First Emergency Rate Cut Since 2008
Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus.
Bitcoin Rebounds as Coronavirus-Infected Stocks Get Jolt From Fed, BOJ
Bitcoin jumped the most in two weeks Monday, surging alongside U.S. stocks amid speculation that the Federal Reserve and other central banks will support markets as the coronavirus spreads.
Development Group: Southeast Asian Consumers Too Bullish on Crypto?
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
OECD: ICOs Have Business Financing Benefits But Aren’t a Mainstream Option
The Organization for Economic Cooperation and Development thinks ICOs may be a beneficial fundraising tool, but not yet for “mainstream” firms.
OECD to Examine the Potential Impact of Blockchain Next Month
OECD plans to host an international conference on blockchain technology next month.
Don’t Forget the ‘Other’ Cryptocurrency Tax
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
A G20 Crypto Policy? Let’s Hope It’s a Pipe Dream
The world’s economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.
OECD to G20: Crypto Tax Policies Need Global Clarity
The global economic organization has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency.