G20 leaders have called to swiftly implement the Crypto Asset Reporting Framework (CARF) while endorsing synthesis paper proposed by IMF and FSB.
The G20 summit held over the weekend under the presidency of India saw a consensus among member nations to adopt a global framework to regulate cryptocurrencies.
The CARF, a reporting template currently in development, is designed to prevent tax evasion through the illicit use of non-financial crypto assets. …
Read More: G20 Leaders Decide on Swift Implementation of Crypto Asset Reporting Framework