Crypto

Crypto-assets gain popularity – are IFRS accounting standards ready?

The use of digital assets - or crypto-assets - is accelerating by the minute. But what exactly are they? And how can their ongoing accounting-related challenges be handled? Let’s first take a look at what’s been happening here in Luxembourg. From January 2022, LuxSE has allowed certain security tokens (financial instruments issued on a distributed ledger) […]
6

Crypto assets and NFTs: Reporting and CRS Changes

Big changes in crypto-asset reporting and CRS At the request of the G20, and in view of consistently increasing tax administrations visibility, the OECD released a public consultation document on 22 March 2022 introducing a Crypto-Assets Reporting Framework (CARF), as well as proposed amendments to the Common Reporting Standard (CRS). In recent years, we […]
2