The Canadian government has announced intentions to put into effect the Crypto-Asset Reporting Framework (CARF) that the OECD agreed to in August 2022, reported Jonathan Got for Investment Executive.
Starting in 2026-2027, the new requirements will require cryptoasset service providers that do business in Canada meet the reporting requirements, such as the annual value of exchanges between cryptoassets and fiat currencies, exchanges between different cryptoassets and transfers of cryptoassets.
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