The Organisation for Economic Cooperation and Development (OECD) proposes to present a new framework for enabling automatic information sharing on crypto-asset between countries to G20 Finance Ministers and Central Bank Governors Meeting. The Crypto-Asset Reporting Framework (CARF), announced on 10 October, aims to increase transparency concerning crypto-asset transactions to combat tax evasion. It requires entities or individuals that provide services effectuating exchange transactions in crypto-assets for, or on behalf of customers to report under the CARF. It is believed that the framework would facilitate exchanging of information on crypto-asset transactions between the 38 member countries of the OECD.
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