Governments are taking back control of digital assets

Homepage > News > Business > Governments are taking back control of digital assets TL;DR: Governments are tightening control over digital currencies: Australia released draft legislation on October 15 to implement the OECD’s CARF tax-reporting standard, Sweden’s central bank urged lawmakers on October 7 to prepare for a possible e-krona, and Russia will ban peer-to-peer digital currency trades from July 1, 2027. Key Takeaways: Australia’s draft bill would implement the OECD CARF; consultation closes October 28. 77 jurisdictions have committed to CARF; Australia is one of 27 targeting first exchanges by 2028. Sweden’s Riksbank asked lawmakers to prepare for a possible digital krona, citing the digital euro, stablecoins, and geopolitical risk. From July 1, 2027, Russia will require P2P crypto trades to go through authorized intermediaries and bar transfers to self-custodial wallets. In recent weeks, several prominent examples have demonstrated the different ways the digital asset sector is persuading lawmakers and regulators around the globe to reassert their transparency, control, and sovereignty. Australia is advancing international digital currency tax transparency, just ...