G20 Leaders Agree to Start Sharing Crypto Transaction Data in 2027
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G20 leaders signed a declaration to implement a crypto framework for annual information exchange on crypto transactions starting in 2027.
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The Crypto Asset Reporting Framework was introduced by the OECD in 2022 to give tax authorities more visibility into crypto transactions.
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Under the framework, countries will automatically exchange information on crypto transactions between jurisdictions each year.
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The framework will cover unregulated crypto exchanges and wallet providers.
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The European Union approved updated rules in May 2022 to adhere to the framework and share information on crypto transactions.
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