By the end of 2021, the Organization for Economic Cooperation and Development (OECD) may approve cryptocurrency regulation standards. Pascal Saint-Amans, head of the Center for Tax Policy and Administration of the international organization, told about this to journalists.
He noted that the regulatory framework would be in many ways similar to legislation in the field of combating tax evasion.
According to the representative of the organization, now many countries are interested in the early implementation of crypto regulation. This desire is due to the rapid development of the digital asset market.
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Amans's statement came a few days after the European Commission initiated amendments to EU legislation on combating financial crimes.
On November 23, the commission announced that by December 21, it expects to receive expert comments on this initiative, aimed, first of all, also at strengthening control over crypto transactions. OECD intends to cooperate with the EU authorities in this direction, summed up Pascal Saint-Amans.
The United States is also seeking to legalize the crypto sphere. Back in July of this year, the Commodity Futures Trading Commission (CFTC) announced its intention to implement legislation regulating relations between holders of digital currencies by 2024.