Which brokers fall under CRS ?

[Piano]

I remember reading that stock, futures and options brokers who offer products that are traded on official exchanges have to report your account

what about forex OTC (not traded on exchange) brokers ?

what about crypto brokers and exchanges ?

 

[troubled soul]

No they are not
But When you transfer money to your bank account.

 

[Piano]

Looks like forex brokers DONT fall under CRS

”
Our interpretation of the CRS reporting requirements are as follows:

1. Entities which issue derivatives should not be required to report under the CRS. TRAction Fintech understands that clients who issue derivatives by entering into contracts with their clients as principal are not caught by the CRS reporting requirements.

2. Entities which deal in direct equities should be required to report under the CRS. TRAction Fintech understands that when an entity deals in direct equities, the entity is conducting business on behalf of its client (i.e. Investment Entity Type A as described below).”

Is your FX brokerage going to be caught by CRS rulings? A Detailed insight - FinanceFeeds

Australia, one of the countries that is subject to the CRS, is a very well recognized center for the FX industry. Prior to July 1 this year, OTC derivatives brokers will need to determine whether they are caught by the CRS requirements. TRAction FinTech Director Sophie Gerber investigates

financefeeds.com