TechFlow reported that the Organisation for Economic Co-operation and Development (OECD) has introduced a new cryptocurrency tax standard and made a series of amendments to the existing Common Reporting Standard (CRS), aiming to reduce tax evasion through cryptocurrency use.
The OECD aims to curb tax evasion involving cryptocurrencies by establishing these new standards. The revised framework also updates the Common Reporting Standard (CRS), which is designed to enhance tax transparency regarding overseas financial accounts.
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