On 10 October, the OCED announced that the technical text of the Crypto-Asset Reporting Framework (CARF) would be delivered to the G20. It is important to understand what the framework is and what it will do.

Broadly, CARF requires certain crypto stakeholders to collect information on taxpayers and report this to their local tax office. Readers may assume CARF will broadly follow CRS (Common Reporting Standard) and, as they are both tax transparency agreements, this is understandable.