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India News: The G-20 leaders agreed on Saturday to expedite the adoption of the reporting framework for crypto assets, stating that a large number of member count
The G-20 leaders have agreed on the swift implementation of a reporting framework for crypto assets to prevent tax evasion. The framework, known as the Crypto Asset Reporting Framework (CARF), aims to ensure that non-financial assets like cryptocurrencies are not used to conceal unaccounted wealth. The G20 leaders also reaffirmed their commitment to a globally fair and modern tax system.
Biden signed the Infrastructure Investment and Jobs Act into law, appropriating billions of dollars for infrastructure and other government projects. However, beyond just appropriating funds, the Act also created a new reporting regime for cryptocurrency transactions.
Biden signed the Infrastructure Investment and Jobs Act into law, appropriating billions of dollars for infrastructure and other government projects. However, beyond just appropriating funds, the Act also created a new reporting regime for cryptocurrency transactions.