Canada tightens crypto reporting measures in 2024 budget
In simple terms, starting from 2024, Canadian authorities will impose more stringent rules on businesses dealing with cryptocurrencies. This was announced through Canada’s federal budget. Beginning April 16, the proposed budget unveils the implementation of the Crypto-Asset Reporting Framework (CARF), an accepted system by the Organization for Economic Co-operation and Development (OECD) since August 2022. … Read more