Definition ∞ The OECD Global Framework is a comprehensive international initiative developed by the Organisation for Economic Co-operation and Development. It addresses various global economic issues, including international taxation, digital economy regulation, and sustainable development. This framework aims to standardize approaches and promote cooperation among member countries. It seeks to create a more equitable and efficient global economic system.
Context ∞ In the digital asset space, the OECD Global Framework is notably advancing with the Crypto-Asset Reporting Framework, or CARF. This initiative aims to establish a standardized international system for the automatic exchange of tax information on crypto assets. The objective is to enhance tax transparency and combat tax evasion across jurisdictions. News frequently covers the progress and adoption of CARF, highlighting its potential impact on global crypto regulation and compliance obligations for service providers.
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