GLOBAL TURNING POINT IN CRYPTO TAXATION: 48 COUNTRIES STARTING IN 2027, TURKEY JOINING IN 2028
#Binance #ELG Under the leadership of the OECD, the global automatic information sharing system for crypto asset transfers is rapidly expanding under the Crypto-Asset Reporting Framework (CARF). According to the official timeline published by the OECD, 48 countries will initiate the first mutual data sharing regarding crypto assets in 2027 (OECD, 2023).
With this system, crypto exchanges, custodial service providers, and certain crypto service providers will be required to report cross-border crypto transfers and asset movements to tax authorities. Major economies such as Germany, France, Italy, Spain, the United Kingdom, Japan, and South Korea are among the countries entering the first phase in 2027 (European Commission, 2024).
According to the announced plan, Turkey will join the system in 2028 along with the United Arab Emirates, Switzerland, Singapore, Canada, and Australia (OECD, 2023). Experts emphasize that this development will make the taxation, reporting, and auditing framework for crypto assets in Turkey clearer and more binding.
As a result, the global crypto ecosystem is entering an irreversible phase from anonymity to transparency.
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