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Singapore Committed to Implement Crypto-Asset Reporting Framework

15 November 2023

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Approved Changes

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Singapore

The Inland Revenue Authority of Singapore has announced the country's commitment to implement the Crypto-Asset Reporting Framework (CARF) in 2027. --- Singapore commits to implement the Crypto Asset Reporting Framework Singapore joins 47 other jurisdictions to work towards commencing automatic exchanges in crypto-assets reporting based on the internationally agreed Crypto-Asset Reporting Framework (CARF) in 2027. Please refer to Annex A for the joint statement by Singapore and 47 Jurisdictions that have expressed the joint intent to work towards this goal. Singapore has actively participated in the development of the CARF at the OECD. The CARF, published in June 2023, provides...