This report combs through the key developments in global crypto compliance policy in the first half of January 2025. In terms of taxation, the United States Internal Revenue Service (IRS) has implemented new regulations starting from January 1, 2025, requiring cryptocurrency transactions to follow the FIFO (First-In-First-Out) accounting rule, unless alternative...
The OECD update was released on 29 February 2024, in which the OECD Secretary-General presented a report to the G20 Finance Ministers and Central Bank Governors, highlighting the progress made so far by the OECD and G20 in implementing the two-pillar solution. The progress report on CARF is as...
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