The OECD approved the Crypto-Asset Reporting Framework in August 2022 to combat cross-border tax evasion risks arising from taxpayers holding digital assets in foreign jurisdictions.

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Judge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstances

The CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction prices

France should tax cryptocurrency conversions into stablecoins

Under the proposed framework, covered crypto service providers must collect customer identification details and report relevant crypto transactions and transfers to national tax authorities.

On October 15, 2026, the Australian Treasury released draft legislation titled Treasury Laws Amendment Bill 2026: Tax information reporting to incorporate the OECD Crypto-Asset Reporting Framework into domestic law.

Australia first committed to adopting the OECD Crypto-Asset Reporting Framework in November 2023 and conducted an initial public consultation from November 2024 to January 2025.

The Australian Treasury opened public consultation on the draft crypto tax reporting legislation through October 28, 2026.

The proposed rules for Australian crypto platforms form part of a digital asset financial services framework with an implementation schedule separate from the Treasury's tax reporting proposal.

Australia plans to conduct its first international exchanges of crypto tax data under the Crypto-Asset Reporting Framework in 2028.

The proposed Australian bill introduces both international exchange obligations and a domestic crypto reporting regime to provide transaction records to the Australian Taxation Office.

Separately, the Australian Securities and Investments Commission opened consultation through November 27, 2026 on proposed licensing, customer asset protection, and financial resource rules for crypto platforms.

The stablecoin pilot was conducted under the supervision of Japan's Financial Services Agency after selection in November 2025 under its FinTech PoC Hub.

In September 2024, California Attorney General Rob Bonta secured a $3.9 million settlement with Robinhood Crypto over crypto withdrawal restrictions imposed between 2018 and 2022.

Fidelity Digital Asset Services agreed to pay $500,000 to California to settle a case regarding past restrictions on customer cryptocurrency withdrawals.

California's Digital Financial Assets Law establishes rules to protect state residents using digital asset services, with requirements tied to July 1, 2026.

,The OECD Crypto-Asset Reporting Framework covers exchanges between crypto assets and fiat currencies, exchanges between different crypto assets, and certain crypto asset transfers.

Participating jurisdictions under the OECD framework are scheduled to begin their first cross-border exchanges of crypto tax information between 2027 and 2029.

The proposed Australian crypto tax reporting legislation does not establish a new tax rate on cryptocurrencies, but aims to improve access to information for administering existing tax laws.

As of September 2026, 77 jurisdictions, including Australia, the United Kingdom, Japan, and the United States, have committed to adopting the OECD Crypto-Asset Reporting Framework.

The OECD released technical reporting specifications for the Crypto-Asset Reporting Framework in October 2024 and issued updated data exchange guidance in July 2025.