Australia releases draft to adopt OECD crypto tax reporting framework CARF

Australia has released a draft proposal to adopt the Crypto-Asset Reporting Framework, or CARF, developed by the Organisation for Economic Co-operation and Development (OECD). Under the framework, crypto-asset service providers would be required to collect and report customer transaction information, a move aimed at improving tax transparency. Australia is one of 77 jurisdictions that have committed to implementing CARF. The first international exchange of crypto tax data under the framework is expected to take place in 2028. The update was cited by Techub News, which referenced reporting from Cointelegraph.