Australia introduces bill for cross-border crypto tax data sharing
- —The bill transposes the OECD's CARF standard into Australian law
- —CARF requires countries to collect crypto transaction data and share it with foreign tax authorities
- —Enactment would give Australia a legal basis for data exchange with other participants
Why it matters: Australia is joining the global crypto tax transparency framework, raising reporting requirements for exchanges and investors.
Source: Bloomingbit