2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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OECD
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International Monetary Fund
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World Economic Forum
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World Bank
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Detailed explanation-1: -In August 2022, the OECD approved the Crypto-Asset Reporting Framework (CARF) which provides for the reporting of tax information on transactions in Crypto-Assets in a standardised manner, with a view to automatically exchanging such information.
Detailed explanation-2: -OECD’s guidance: With a view to increase transparency among nations, the OECD (Organisation for Economic Co-operation and Development) has developed the Crypto Asset Reporting Framework (CARF).
Detailed explanation-3: -What are Crypto Assets? Crypto assets are purely digital assets that use public ledgers over the internet to prove ownership. They use cryptography, peer-to-peer networks and a distributed ledger technology (DLT) – such as blockchain – to create, verify and secure transactions.