Tax Authority Circular 5/2018 – Virtual Currencies

Prohibition on Money Laundering Order applicable to credit and financial-asset service providers

Israel applies customer identification, reporting, monitoring, screening and record-retention duties to credit and financial-asset service providers, including covered virtual-currency businesses. Current state: AML/CFT order applies to licensed financial-asset service providers, including relevant virtual-currency activity

Israel Financial Services Licensing Law

Supervision of Financial Services Law

Creates licensing for financial-asset service providers, including covered virtual-currency services.

OECD/G20 Crypto-Asset Reporting Framework (CARF)

Crypto-Asset Reporting Framework (CARF) and Amendments to the Common Reporting Standard

The OECD/G20 Crypto-Asset Reporting Framework (CARF) creates global due-diligence and reporting rules for reporting crypto-asset service providers, supporting annual cross-border exchange of crypto-asset tax information among implementing jurisdictions. It also includes amendments to the Common Reporting Standard and an XML schema implementation package. National CARF laws should link to this canonical profile.

South Africa Crypto CARF

Crypto-Asset Reporting Framework implementation

Introduces due-diligence and transaction reporting for covered CASPs.

Portugal Crypto Tax Framework

State Budget Law 2023 crypto tax provisions

Introduces express tax treatment for qualifying crypto-asset gains and income.

New Zealand Cryptoasset Tax Guidance

Inland Revenue Cryptoassets Guidance

Explains that cryptoassets are property and many disposal profits are taxable income.