47 countries around the world will implement a system for exchanging data on crypto assets

47 countries around the world have pledged to participate in the implementation of the Crypto Asset Reporting Framework (CARF).

The group of countries included the USA, Great Britain, Mexico, Singapore, Brazil, Canada, France, etc.

CARF is designed for automatic exchange of information between tax authorities.

The standard will be included in the domestic legal system and could become operational in 2027.

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