The United States, Japan, the United Kingdom, and other countries signed a joint statement to combat tax evasion involving cryptocurrencies

ChainCatcher news, according to financefeeds, dozens of countries including the US, Japan, and the UK have signed a joint statement agreeing to a set of cryptocurrency tax rules developed by the OECD, known as the Crypto Asset Reporting Framework (CARF). The joint statement indicates that the signatory countries will accelerate the transformation of CARF into domestic legislation and promptly initiate exchange agreements to facilitate exchanges starting in 2027.

The report notes that the Crypto Asset Reporting Framework (CARF) is expected to be launched in 2027 for information sharing, as part of these countries' efforts to combat tax evasion using digital assets.