U.S. Steps Towards Global Crypto Reporting Network with CARF Review

The U.S. government is advancing towards greater international collaboration on cryptocurrency reporting under a proposed rule that would give the IRS access to Americans’ offshore crypto accounts. The move signals a shift toward aligning U.S. tax policy with global standards, and could lead to more cooperation between U.S. and foreign regulators. This development comes after years of discussion on how to better enforce regulations on cryptocurrency transactions in the United States.