Canada is expected to adopt the International Crypto Asset Reporting Framework (CARF) for taxation before 2026
ChainCatcher message, according to a supplementary document of the 2024 budget, Canada is expected to adopt the International Crypto Asset Reporting Framework (CARF) for taxation before 2026. CARF will impose new reporting requirements on Crypto Asset Service Providers (CASP), such as cryptocurrency exchanges, crypto asset brokers and dealers, and crypto asset ATM operators, whether they are individuals or business entities.
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