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Concerns have been raised that the Crypto Asset Automatic Information Exchange System (CARF) was introduced before the taxation of domestic virtual assets (digital assets), suggesting that the tax system and the timing of information exchange should have been designed more organically. It is argued ...
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"Stablecoins Should Be Tax-Exempt for Individuals Like Foreign Currency"
A proposal has been made to consider certain stablecoins held and used by individuals as tax-exempt like foreign currency, given the expanding use of stablecoins as actual payment and settlement methods. It has been pointed out that applying the current taxation system for virtual assets would requi...
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