Another Step Nearer for CARF in the UK

As announced in the United Kingdom’s Spring Budget for 2024, delivered by the Chancellor of the Exchequer on 6th March, the UK government has published a consultation to seek views on the implementation of the OECD’s flagship transparency standard to help combat criminal activity using crypto-assets to evade taxation – the Crypto-Asset Reporting Framework (the “CARF”). The CARF was previously covered in the article “Update: OECD Crypto-Asset Reporting Framework” published in BrassTax on November…
By: Cadwalader, Wickersham & Taft LLP
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