Global DCA Response – Response to OECD Crypto-Assets Reporting Framework and Amendments to the Common Reporting Standard

Through this response to the OECD Crypto Asset Reporting Framework (CARF), the Global DCA presented the following arguments:

1. The Need for Secure Sharing of Data by Reporting Crypto-Asset Service Providers

2. The Need to Support Decentralized Identity

3. The Opportunity to Explore and Support Decentralized Tax

The proposal then goes into provision of various recommendations noting that the Global DCA stands ready to collaborate with the OECD and its members to implement recommendations provided utilizing the Global DCA’s broad member support to achieve tax reporting compliance while taking advantage of modern technologies to ensure vision of the right tax at the right time is realized.

Please CLICK below to read the full response!