To keep pace with the development of the crypto industry due to its sheer size and complex business models,the Organisation for Economic Co-operation and Development(OECD)introduced the Crypto Asset Reporting Framewor...To keep pace with the development of the crypto industry due to its sheer size and complex business models,the Organisation for Economic Co-operation and Development(OECD)introduced the Crypto Asset Reporting Framework(CARF)to enhance transparency in relevant transactions.It is envisaged that the introduction of CARF will facilitate the exchange of information and potentially lead to increase in tax revenues for those jurisdictions enacting such requirements in due course.In turn,industry players will need to assess the implications this will have in their business from reporting readiness and implementation perspectives.Meanwhile,the tokenisation of real-world assets(RWAs)is gaining momentum.The legal and tax implications that may arise from this latest development can be complex and uncertain.展开更多
文摘To keep pace with the development of the crypto industry due to its sheer size and complex business models,the Organisation for Economic Co-operation and Development(OECD)introduced the Crypto Asset Reporting Framework(CARF)to enhance transparency in relevant transactions.It is envisaged that the introduction of CARF will facilitate the exchange of information and potentially lead to increase in tax revenues for those jurisdictions enacting such requirements in due course.In turn,industry players will need to assess the implications this will have in their business from reporting readiness and implementation perspectives.Meanwhile,the tokenisation of real-world assets(RWAs)is gaining momentum.The legal and tax implications that may arise from this latest development can be complex and uncertain.
