To help organizations navigate accounting issues related to digital assets and distributed ledger technologies, including blockchain. We offer a platform for accounting and tax professionals to enhance their knowledge and contribute their expertise while fostering best practices.
Fri, 04/29/2022 - 08:32
ABC & GDCA provide input to OECD on CARF
The OECD published for comment the proposed Crypto Assets Reporting Framework. The proposal reveals a significant increase in types of activities and reporting entities. The level of detailed data reporting of both personal and transaction information, not to mention the onerous potential burden on industry particpants to become reporting entities goes far beyond any existing regulations, including the common reporting standard in place for financial institutions.