OECD (Crypto)

[wellington]

Crypto Providers Would Have to Swap Transaction Details Under OECD Tax-Dodging Proposal

Details of overseas crypto holdings would be shared with home tax authorities under the planned extension of rules intended to bust financial secrecy.

www.coindesk.com

 

[Martin Everson]

Thread on subject below

Crypto assets reporting in CRS - coming soon

As a few wise men on this forum have predicted, reporting of crypto assets under the Common reporting standard (CRS) may not be that far - It is the OECD’s intention to report back on the Crypto-Asset Reporting Framework (CARF) and the amended CRS under the Indonesian Presidency of the G20 for...

www.offshorecorptalk.com

 

[erni]

WTF - how about the anonymous wallets, will they work in the future or will they just not be able to report such wallets i.e. Exodus, blockchain etc `?

 

[JackAlabama]

WTF - how about the anonymous wallets, will they work in the future or will they just not be able to report such wallets i.e. Exodus, blockchain etc `?

My crystal ball says: Mainly constrained to EUDSSR and implemented there with banning all self-hosted (non bank related wallets) such that you cannot use them for interacting with the regulated financial system at all.
USA can fall either way, my bet would be it will not be hostile from 2023 onwards after the midterms (difficult to predict however).

Elsewhere it will be more fluid esp in the third world.

Software cannot be banned so easily. You can run a few lines of code to get these public/private keypairs. If you are worried you can download respective code from github etc and store that locally.