ChainCatcher news, the South Korean Ministry of Economy and Finance announced that at the 17th Global Forum of the Organisation for Economic Co-operation and Development (OECD), the Multilateral Competent Authority Agreement on the Crypto-Asset Reporting Framework (CARF MCAA) was officially signed.The CARF MCAA is an institution established by the OECD in 2009, aimed at implementing standards for international tax transparency and the exchange of tax information. A total of 48 countries, including South Korea, Germany, Japan, and France, participated in this agreement. The signatory countries will exchange information on crypto-asset transactions based on the automatic information exchange framework for crypto-assets jointly developed by the OECD and the G20.According to the agreement, the exchange of information between countries will be implemented through separate negotiations among the signatory countries. The Ministry of Economy and Finance plans to amend relevant domestic laws starting in 2027 to facilitate the exchange of information on crypto-asset transactions and promote individual agreements.A relevant official from the Ministry of Economy and Finance stated, "Through this agreement, detailed information on crypto-asset transactions can be obtained, which will help enhance the transparency of the tax base related to crypto-asset income."

ChainCatcher news, New Zealand's Minister of Revenue has proposed legislation to implement the OECD cryptocurrency asset information exchange framework, with the proposed amendments expected to take effect in April 2026. New Zealand cryptocurrency service providers are required to collect transaction information and submit it to the tax authority by 2027, or face a penalty of $300 for each violation, while users who do not provide information will be fined $1,000.

ChainCatcher news, the Organisation for Economic Co-operation and Development (OECD) has released a new report analyzing the events and impacts of Terra, Celsius, Three Arrows Capital, FTX, and others. The report states that while the current bankruptcies of crypto companies have little impact on traditional finance, the increasing connection between the two could lead to broader financial instability in the event of the next crypto crash.To this end, the OECD emphasizes the "urgent need for action," particularly to protect retail investors. It calls for international cooperation on cryptocurrency policy to avoid regulatory arbitrage opportunities. (Source link)

ChainCatcher news, the Organisation for Economic Co-operation and Development (OECD) has released a framework for crypto tax reporting, which allows for the automatic sharing of taxpayer information related to cryptocurrencies between jurisdictions, formalizing information sharing among 38 member countries. The aim is to enhance regular information sharing between countries to reduce tax evasion involving digital assets. In addition to information sharing between countries, the framework also includes model rules for domestic taxation of digital assets. The framework will be officially announced at the G20 central bank governors and finance ministers meeting in Washington, D.C. this week. (source link)