48 Countries Adopt New Crypto Transparency Reporting Framework
Forty‑eight countries are advancing a coordinated crypto transparency reporting framework that standardizes cross‑border data exchange and tightens tax oversight. Governments say the framework will make it harder to hide taxable digital asset activity and will give tax authorities clearer, faster access to on‑chain and off‑chain transaction data. For markets, the change signals a shift from permissive regulatory gaps toward predictable compliance expectations.
The new regime matters for exchanges, custodians and investors: platforms will face larger reporting duties and likely need to upgrade compliance infrastructure, while institutional adoption may accelerate as regulatory certainty improves. At the same time, privacy advocates and developers of privacy‑preserving tools will be watching for unintended effects on user confidentiality. Overall, the framework aims to reduce evasion and bring crypto reporting in line with traditional finance, marking a notable step in mainstream integration of digital assets.