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Flash
08:34
More than 40 countries, including the UK, have implemented new cryptocurrency tax rules requiring exchanges to collect and report user transaction records. according to the Financial Times, the UK and more than 40 other countries have implemented new tax regulatory rules for crypto assets. According to the Crypto-Asset Reporting Framework (CARF) established by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report user transaction details and tax residency status to Her Majesty's Revenue and Customs (HMRC).
08:19
More than 40 countries, including the UK, will implement new crypto tax regulations starting January 1, requiring exchanges to collect and report user transaction records.PANews, January 1st – According to the Financial Times, the UK and more than 40 other countries have implemented new crypto asset tax regulatory rules starting January 1st. Under the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report users’ transaction activities and tax residency status to Her Majesty's Revenue and Customs (HMRC).
08:15
From January 1, the UK and several other countries will implement the Crypto-Asset Reporting Framework, enabling cross-border sharing of crypto trading data.Foresight News reported, according to the Financial Times, that the UK and more than 40 other countries have implemented new crypto asset tax regulatory rules starting from January 1. Under the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD), major crypto exchanges are required to collect complete transaction records for UK users and report users’ transaction activities and tax residency status to HM Revenue and Customs (HMRC). The UK is one of the first 48 countries to implement this framework. According to the arrangement, starting from 2027, HMRC will automatically share relevant data with EU member states and participating countries such as Brazil, the Cayman Islands, and South Africa. A total of 75 countries have committed to implementing CARF, with the United States planning to implement it in 2028 and begin information exchange in 2029.
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