South Korea Joins Global Crypto Reporting Framework, Aiming for Tax Transparency

South Korea has formally joined the global effort to share crypto transaction data under the OECD’s Crypto-Asset Reporting Framework (CARF), aiming to enhance tax transparency and combat evasion. This agreement signifies a major shift in how countries manage cross-border crypto trading, with South Korea joining over 48 other nations that have adopted CARF since its implementation.