05/01/24

Upcoming Power Battle Between UN And OECD: Is CARF The Last Landmark Of An Ending Era?

The advent of digital assets has revolutionised the financial world, offering new opportunities, but also new challenges in regulatory and compliance realms. The Organization for Economic Co-operation and Development (OECD) has stepped up and will expand its Automatic Exchange of Information in Tax Matters (AEoI) to crypto assets with the Crypto Asset Reporting Framework (CARF). This framework marks a significant stride towards integrating the dynamic world of crypto assets into the global financial regulatory landscape. Meanwhile, a power struggle seems to appear on the horizon between the United Nations (UN) and the OECD.