**[U.S. IRS Proposes Adoption of Crypto-Asset Reporting Framework (CARF)]** The U.S. Internal Revenue Service (IRS) has submitted a proposal to the White House, recommending the adoption of the "Crypto-Asset Reporting Framework" (CARF) as an international standard for reporting and taxing digital assets. The proposal was submitted on November 14 and is currently under review by the White House. CARF was introduced by the Organisation for Economic Co-operation and Development (OECD) at the end of 2022, aiming to facilitate the sharing of cryptocurrency information among participating countries to combat international tax evasion. If implemented, the framework would allow the IRS to access data on offshore crypto asset accounts held by U.S. citizens and align the U.S. tax system with the 72 countries that have committed to implementing CARF by 2028. The document indicates that the proposal is not classified as a policy with "significant economic impact," but it will impose stricter requirements on taxpayers reporting capital gains from foreign platforms.