#Canada to begin implementing international #Crypto tax reporting standard : Canada is aiming to have the #OECD standard for crypto asset #tax reporting in place by 2027, as agreed with 46 other countries. According to a supplement to the 2024 annual budget, Canada expects to apply the international Crypto-Asset Reporting Framework (#CARF) for taxation by 2026. The country is getting an early start on the new standard, which is expected to be observed by 47 countries by 2027. The #CARF would impose new reporting requirements on crypto asset service providers (#CASPs), such as cryptocurrency exchanges, crypto-asset brokers and dealers and #Crypto-asset automated teller machine operators, whether they are individuals or business entities. The supplemental report listed “#stablecoins, derivatives issued in the form of a crypto-asset, and certain nonfungible tokens” as examples of crypto assets. #Bitcoin #BTC #Crypto #LQR #LaqiraProtocol