OECD to G20: Crypto Tax Policies Need Global Clarity
The global economic organization has called for agreement on new frameworks for the taxation of emerging technologies such as cryptocurrency.
The Organization for Economic Cooperation and Development thinks ICOs may be a beneficial fundraising tool, but not yet for "mainstream" firms.
The intergovernmental economic organization plans to host an international conference on blockchain in September, its first ever.
Many southeast Asians consumers are interested in establishing or increasing their crypto investments, according to the OECD, but also admit to not really understanding them.
If cryptocurrency gains acceptance as a means of exchange, it’s sure to raise the ire of governments hungry for revenue from sales taxes.
The world's economic leaders are seeking a globally coordinated policy on cryptocurrencies. This could take a while. But that may be just as well.