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By Benoit CHAMBON, CLO co-founder | Koinju
The recent Crypto-Asset Reporting Framework (“CARF”), as published by the OECD in October 2022 under the impetus of the G20, will have to be applied by “Intermediaries and other Crypto-asset Service Providers” who are established in countries that have ratified the Common Reporting Standard (“CRS”) of July 15, 2014, for the purposes of tax transparency and the transmission of financial information between these same countries.
In Europe and Luxembourg, these Service Providers declaring who will be subject to the definitive CARF by the end of 2024 (thanks in particular to the future entry into force of the next “DAC 8” EU directive(1)) respectively meet the notion of “CASPs” and “VASPs” (Virtual...
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