G20 leaders decide on swift implementation of crypto reporting framework
The G-20 leaders have agreed on the swift implementation of a reporting framework for crypto assets to prevent tax evasion. The framework, known as the Crypto Asset Reporting Framework (CARF), aims to ensure that non-financial assets like cryptocurrencies are not used to conceal unaccounted wealth. The G20 leaders also reaffirmed their commitment to a globally fair and modern tax system.
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