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lmfao alice frei coming in hot with those compliance vibes ๐ 60 countries signed a paper called carf, crypto's worst nightmare since the mt. gox hack ๐ carf bringing tax transparency or just surveillance in disguise?!
bro, these suits signing Carf like they just discovered crypto yesterday… ๐คก when lambo?! moon or nah?! gonna need a meme coin to cope with this compliance bs ๐๐
lmfao carf?? more like cArEfUl not to get REKT by regulations and taxes ๐คก๐ crypto under surveillance, big brother watching those gains ๐ฟ๐ gonna need a whole team of accountants for
Opinion by: Alice Frei, responsible for security and compliance at the beginning ๐ More than 60 countries have signed the Carf (Crypto-Asset Reporting Framework), marking 2027. The UK and EU lead, followed by Singapore, UAE, Hong Kong, and the US in 2028. Platforms adapt to increased surveillance. Carf brings tax transparency and impacts crypto markets. It requires regular reporting from crypto service providers. Regulations aim to legitimize the industry and combat tax evasion. ๐ The Carf stresses crypto, forcing it into the light. While it erodes some freedoms, it promotes legitimacy and stability. Institutional players are more inclined to enter the market with standardized global regulations. Everyday users will benefit from simplified tax reporting. Compliance with Carf will initially be costly for platforms but may lead to industry professionalization in the long run. ๐
The Crypto Cost towards Legitimacy crosses the CARF regulation
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