G20 calls for swift development of cryptocurrency tax reporting rules.

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Financial reports indicate that G20 leaders are rapidly developing a framework for cryptocurrency asset reporting. This framework will enable G20 member countries to collect and share information regarding the use of cryptocurrencies and digital assets. This data will be used to ensure that individuals using cryptocurrencies do not evade taxes. In the same statement, leaders call for the Global Forum on Transparency and Exchange of Information for Tax Purposes to establish a timetable for launching the information exchange program. The goal for relevant countries is to initiate this program by 2027.