Cross-Border IRS Reporting Requirements 
Fintech Review
OCTOBER 22, 2024
United States: A Detailed Approach to Taxation The United States, through the Internal Revenue Service (IRS), has taken a relatively proactive approach to cryptocurrency taxation. Each country has the discretion to establish its own rules for taxes, leading to discrepancies across borders.
FICO
OCTOBER 26, 2017
Now, with CRS** (Common Reporting Standard), some financial institutions are starting to think they need two systems. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). CRS reporting is more of a regional topic (e.g., Here’s where the trouble started.
The Fintech Times
JULY 31, 2024
“Issues such as data privacy, cross-border transactions, and adherence to stringent anti-money laundering (AML) protocols require constant vigilance and adaptation. Collaborative efforts between industry leaders and regulators are essential to streamline compliance processes without stifling innovation.”
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